Clutch, a Canadian online retail platform for vehicles, announced last week that they have raised $7 million in seed financing which they will use to grow their team and scale their business in each of the cities that they currently …
Frost & Sullivan, a world-renowned consulting firm focused on navigating economic changes and identifying disruptive technologies, have recognized Amazon Web Services, Inc. (AWS) with the 2020 Global Company of the Year award. The award is one of Frost & Sullivan’s …
The connected vehicle industry is coping with flat revenues and a 15 per cent decline in shipments in 2020, although global tech market advisory firm ABI Research anticipates a return to financial stability early in 2022. According to ABI Research, …
Although the demand for contactless sales was already well established within the automotive industry before COVID-19 hit, the pandemic has accelerated the need for a solution as dealerships look to innovate in light of the pandemic. A Louisiana-based Inc. company …
Rapid Recon, which owns a popular dealership software system, announced this week in a press release that with the completion of installation at Yellowstone Motors, dealerships in every U.S. state and eight Canadian provinces are now using their workflow management …
Bill C-20, which will effectively transform the Canadian Emergency Wage Subsidy (CEWS) into an economic stimulus program was unanimously passed in the House of Commons last week. The legislation will revise the CEWS by expanding eligibility requirements, introducing a sliding …
The Canadian automotive sector has contributed to an increase in retail sales, which rose across the country by 18.7 per cent in May. According to Statistics Canada, retail sales increased to $41.8 billion. Excluding the automotive sector, the sales increase …
Tesla filed a lawsuit on July 23, 2020 against its competitor Rivian, an American electric vehicle start-up with facilities across the United States, Canada, and the United Kingdom. In the lawsuit, Tesla claimed that Rivian poached its employees and stole …
Fiat-Chrysler (FCA) offices were searched in Germany, Italy, and Switzerland last week as German authorities continue to investigate the role of the company’s employees into software that may have been used to defeat emissions detection devices. Prosecutors believe the engine …
Voluntary CO2 emissions standards have been introduced by the Australian automotive industry in an effort to catch up to global standards. Beginning in 2021 the industry will evaluate CO2 emissions targets of every automotive brand in Australia, publishing an annual …
Trevor Tamke, CPA, CA, Partner, Taxation Services, MNP, talks about the proposed changes to the Canada Emergency Wage Subsidy (CEWS), including doing away with the 30 per cent revenue decline threshold and plans to extend the program until later this …
The latest report from DesRosiers Automotive Consultants (DAC) found that June revealed a relative improvement in national sales, along with some notable differences in provincial performance. Total sales for June came in at an estimated 156,000 units — down “only” …
