Gasoline and diesel prices reached record highs in the United Kingdom, although the cost of crude oil softened slightly. Consumers are paying an average cost of more than £1.70 per litre for gasoline and reports suggest diesel reached £2.07 per …
General Motors is returning to Quebec to build a $500-million factory in Bécancour to make cathode active material—an integral component of electric vehicle batteries. “If you want to build a carbon-free future, Canada needs to be part of the equation,” …
Polestar U.K. CEO Jonathan Goodman says the car business is going to move online, but that there will always be a need for consumers to interact with a physical property, according to Autocar. “The big question for the industry is …
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 …
