Authorities in Maharashtra, India have reportedly rejected General Motors’ application to cease operations at its plant in the state amid protests by workers who want the OEM to continue production (or keep them on payroll indefinitely), according to Reuters. A …
Global electric vehicle sales increase by 43% in 2020, with large shifts seen in markets such as Norway and the Netherlands. According to Forbes, there are five key factors driving the mass adoption of EVs in the market: technology, emissions …
Germany sent a letter to Taiwan to persuade Taiwanese manufacturers to help ease the shortage in semiconductor chips that has impacted certain OEM production around the globe. The shortage has affected Volkswagen, Ford, Subaru, Toyota, Nissan, newly-created Stellantis, and others. …
The COVID-19 pandemic has paved the way for an increase in the purchase of “cheap cars.” The shift could impact European manufacturers significantly, as they would lose out to competition from China. According to Forbes, “Chinese manufacturers are about to …
A collaborative project between Stanford University’s Dynamic Design Lab (DDL) and the Toyota Research Institute (TRI) aims to improve the “evasive capabilities of autonomous driving technology in road vehicles.” They are reportedly doing this by “teaching” a 2021 Toyota GR …
Newfoundland was the strongest provincial performer in new light vehicle sales last year even as it experienced a double digit sales decline of 10.5% from 2019, according to DesRosiers Automotive Consultants (DAC). However, the real story — as DAC puts …
AutoVerify, which is powered by Mobials, has launched another dealer support program that waives monthly software fees on its AutoVerify suite effectively immediately, until July 31, 2021. The suite includes the company’s newly-developed e-Commerce functionality, so it should come as …
Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (Groupe PSA) have completed their merger and have named the combined company Stellantis. A top executive team to steer the company has also been established to help steer the company, along with nine …
Catherine McKenna, Canada’s Minister of Infrastructure and Communities and representatives from British Columbia gathered on January 19 to announce funding for the Clean Surrey Electric Vehicle Charging Network project. The project garnered $274,054 in funding from the federal government, and …
Matt VanDyke has been tapped as Chief Executive Officer of FordDirect, effective Feb. 1, 2021. FordDirect is a joint venture between the Ford Motor Company and its franchise dealers. The company announced the appointment in January, noting that VanDyke has …
Trevor Tamke, CPA, CA, Partner, Taxation Services, MNP, talks about the federal government’s rental subsidy program and explores some of the opportunities of the program for dealers. More information about the program can be found here.
A closer look at how the industry is shaping up so far this year reveals a steeper decline in wholesale used vehicle prices compared to the seasonal norm for cars, as the category declined 0.62% this week and 0.67% last …
