Former Nissan executive Greg Kelly, who was arrested during a business trip in Japan on charges that he helped Carlos Ghosn hide more than $80 million, may soon return to the United States after three years of prosecution. “Chief Judge …
As the war in Ukraine rages on, Porsche may be forced to halt the production of a number of its models, according to The Drive. Already, “Porsche announced it will suspend production in its Leipzig plant from Wednesday (March …
Mercedes-Benz Canada completed the sale of its corporate-owned Mercedes-Benz dealerships in the Greater Toronto Area to a new ownership team: the AWIN Group of Dealerships and Zanchin Automotive Group. Eva Wiese, President and CEO of Mercedes-Benz Canada, said the completion …
The Canadian used vehicle wholesale market remains relatively flat—up only 0.09% for the week ending on February 25, according to Canadian Black Book’s latest update. The market average from 2017-2019 for the same week was -0.14%. The overall car segment …
Hyundai Motor Company plans to accelerate its electrification plan, with the goal of selling 1.87 million battery electric vehicles (BEVs) annually by 2030 and targeting 7 per cent of the global electric vehicle market share by that date. “Hyundai is …
Automotive Properties REIT, which focuses on acquiring automotive dealerships in Canada, recently added two Tesla properties to its portfolio—for a combined purchase price of $25.9 million. The Tesla dealerships are located in Quebec City, Que., and Innisfil, Ont. The tenant …
Le Groupe Le Prix du gros acquired Hyundai Trois-Rivières in Quebec. This latest addition to the group, which offers one of the largest inventories of new and used vehicles in the province, brings together 13 of the biggest car brands …
The Honda Civic was named 2022 Canadian Car of the Year and the Hyundai Tucson as the 2022 Canadian Utility Vehicle of the Year. The news was announced on REV TV and ajac.ca on March 1. The winners were selected …
Kelley Blue Book revealed the 2022 winners of its 20th Annual Best Resale Value Awards, with Toyota capturing the “Brand” award and Lexus garnering the “Luxury Brand” award. “Toyota and Lexus, respectively, are the best vehicle brand and luxury brand …
The Russian invasion into Ukraine will further strain supplies of semiconductor chips in the United States during a period of global shortage, according to CNBC. They say both countries are “critical sources” of neon gas and palladium, which are used …
The conflict in Ukraine led to a rise in gas and diesel prices in the United Kingdom where they have now reached record highs, according to Auto Express. Simon Williams, a RAC fuel spokesman, said “Russia’s actions will now push …
Tesla reportedly plans to start working on a new manufacturing plant in Shanghai, China next month as it aims to double its production capacity in the country. “Once the new plant is fully operational, Tesla will have the capacity to …
