If gasoline and diesel prices continue to rise, consumers may take a harder look at electric vehicles as a cheaper option. “Gas prices rise and people respond immediately by buying more hybrid vehicles with better fuel efficiency,” said Recurrent CEO …
The BMW Group expanded its portfolio with the acquisition of Alpina. According to Driving, there will be consolidation resulting from the deal. “According to BMW, the sale will result in the current Alpina vehicle program agreement ending when the 2020 …
Canadian automotive retail sales experienced “significant” increases throughout 2021, according to a year-end review from DesRosiers Automotive Consultants (DAC). “In almost all cases this was driven primarily by higher prices per unit—rather than booming unit volumes,” said Andrew King, Managing …
Online Fintech platform LendingArch now has more than 600 dealerships in its network, as it continues to expand and offer nationwide auto loans to Canadian consumers in need of quick and easy financing. LendingArch was established in 2015 and has …
The federal government will invest $500,000 in the Thunder Bay Community Economic Development to help install up to 63 electric vehicle (EV) chargers across Ontario. The company will select recipients based on demand, and all EV chargers will be installed …
Automotive industry associations in Canada teamed-up to launch a new initiative meant to help consumers better understand what it will take for the country to achieve the zero-emission vehicle (ZEV) sales targets of the federal government. The Canadian Automobile Dealers …
Nissan Canada announced a three-year partnership with Accelerate Auto—a not-for-profit organization that strives to increase opportunities for Black people in the Canadian automotive industry, while also tackling subjects such as systemic racism. The OEM announced the news on March 9 …
The Canadian used wholesale market remains relatively flat—this time up 0.09% for the week ending on March 4, compared to the previous week’s increase of 0.03%, according to Canadian Black Book. The truck/SUV segment out-performed the car segments, slightly, for …
The Scotiabank Women Initiative launched a mentoring and networking program called Women in Auto Accelerator to help women build their careers in Quebec’s automotive industry. The program is free to participants. Its goal is to connect young professionals with industry …
The impact of the war in Ukraine has now reached global automotive industry factories and electric vehicle production, according to The Irish Times. Ford, Volkswagen and BMW are among the OEMs that slowed down production due to the disruption from …
Kia announced plans to roll out 14 electric vehicles by 2027, including two pickup trucks and a standard entry-level EV, according to Driving. “Also announced by the Korean automaker was a commitment to design its first dedicated purpose-built vehicle (PBV), …
Honda is teaming up with Sony to create a new company that will develop electric vehicles and aims to start selling these vehicles in 2025, according to CNBC. “The new company will design, develop and sell electric cars but not …
