Jim Hackett, Ford Motor Company’s President and CEO since 2017, is retiring from the company. Chief Operating Officer Jim Farley has been tapped as his successor and will officially take the helm on October 1, according to a company news …
Proposed updates to the Canada Emergency Wage Subsidy (CEWS) program that were reflected in Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent on July 27. Changes include the extension of the program until December 19 — including …
Panasonic Corp recently announced that it plans to boost the energy density of the 2170 lithium-ion battery cells that it supplies to Tesla by 20 per cent over the next five years. The cells are currently made with nickel-cobalt-aluminum cathode …
The Insurance Institute for Highway Safety (IIHS) and Consumer Reports have provided a first-ever list of the most recommended used vehicles for teens. In curating this list the industry leaders considered price, performance, reliability and safety, among other criteria. Based …
Volkswagen Group reported first-half operating losses of $940 million (800 million euros) this past Thursday due to a 27 per cent drop in vehicle deliveries. “The first half of 2020 was one of the most challenging in the history of …
Fiat Chrysler Automobiles (FCA) announced Friday an adjusted loss of $1.1 billion (928 million euros) in the second quarter as a result of the pandemic. The loss, although significant, is smaller than predicted because of the OEM’s strong performance in …
Kia Canada has announced that a limited edition Stinger is coming to the Canadian market. Available in the fall, the neon orange Stinger will be based on the 2021 Stinger GT Limited model and will feature a 3.3L Twin-Turbo GDI …
Canadian Black Book (CBB) released data for the week of July 28th showing small week by week gains that may indicate a slow strengthening across the industry. The report noted that the small weekly gains they’ve been tracking will make …
Cars.com Inc., a leading digital automotive marketplace and solutions provider, recently shared a large amount of consumer data and research that they’ve been tracking since the pandemic hit in March, 2020. Based on this data, the company has identified several …
Cox Automotive, which includes brands like Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim has a new president. Cox Enterprises announced this week that effective August 3, 2020, Steve Rowley will take on the new role. The announcement was made …
Toyota Research Institute — Advanced Development, Inc. (TRI-AD) announced this week that it will be expanding its operations. Effective January 2021, the company will launch a holding company and two operating companies. Woven CORE, Inc. and Woven Alpha, Inc. will …
Moving forward, Sunridge Automotive is increasing the precautions they take when accepting trades and buy-ins, after a truck the dealership had screened was discovered stolen. The vehicle in question had been re-VINed with a VIN that was not stolen, and …
