Exro Technologies, a developer of power electronics for electric motors and powertrains, announced on October 20 the launch of a newly-established Calgary Innovation Center. The new facility will focus on delivering commercial products, allowing for in-house design, testing, and assembly …
Retail sales in the United States have accelerated in September, but as federal government money runs out and businesses continue to lay off workers the recovery is likely to be impacted. “Although sales growth is strong, it will slow through …
Automotive loans were not protected in the U.S. Cares Act meant to help Americans financially during COVID-19. According to Car and Driver, “anyone with an auto loan who missed some payments over the last half-year might have taken a hit …
Fiat Chrysler Automobiles (FCA) will invest between $1.35 and $1.5 billion in its Windsor, Ont. assembly plant to build electric vehicles as part of an interim agreement with Unifor. “Not only is Fiat-Chrysler maintaining the current portfolio but they will …
Hertz Global Holdings Inc, a bankrupt car rental company, plans to invest up to $1 million in vehicle acquisitions in the United States and Canada. According to Autoblog, it also plans to invest “up to $800 million for working capital …
BMW has recalled 4,509 plug-in hybrid vehicles in the United States and 26,900 globally, because debris may have entered the Samsung battery cells during production and could cause a short circuit. In rare cases, it could cause a fire. Affected …
A full lineup of speakers for Canadian Black Book and J.D. Power’s 2020 TalkAuto@Home event has been announced, with the ninth annual event set to take place virtually between 1:00 p.m. – 2:00 p.m. EST the week of November 16. …
Reynolds & Reynolds CEO Bob Brockman has been charged with tax evasion, wire fraud, money laundering, and other offences, according to a news release from The United States Department of Justice (DOJ). Brockman was indicted by a federal grand jury …
The average days to turn for used vehicle inventory listed for sale continued to decline last week and is now at a 14-day moving average of 46 days — down three days from the previous week, according to Canadian Black …
The recovery of the Canadian automotive industry from the first wave of COVID-19 has been “volatile and inconsistent” across the industry, but retail sales as a measure of performance can help shed light on the uneven nature of it all. …
One of the most important messages from the recent Auto Dealers Innovation Series & Expo (ADIS) was all about the need to innovate, experiment, fail, reassess, and experiment again. All companies — including car dealerships — need to develop an …
Monte Weis, former President of Weis Group, talks about his new role as President of Canadian Operations at Dealer Solutions Mergers and Acquisitions (DSMA), while Farid Ahmad, President and CEO of DSMA, discusses his next steps moving forward — always …
