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 …
The NHTSA is investigating approximately 1.73 million Honda Motor vehicles over reports of unexpected braking that could increase the risk of a collision. The U.S. transport safety regulator said it received 278 complaints that allege braking incidents “occurring with nothing …
Tesla CEO Elon Musk may lose a water supply contract for its German manufacturing plant. The Gigafactory continues to experience delays—another one being the possibility of losing the contract if environmental groups win a court case that challenges the automaker’s …
As some U.S. politicians try to capitalize on the recent Canada-U.S. border blockades to claim Canada isn’t a reliable manufacturing location, Ontario Premier Doug Ford pushed back by restating that Ontario remains a great place to do business. In a …
Accelerate Auto took part in an executive roundtable featuring leaders from across the Canadian automotive industry who are championing diversity and inclusion at all levels. The virtual event was sponsored by Scotiabank and moderated by Stephanie Henry, On-air Personality for …
HGreg INFINITI Laval has been named the top ranking INFINITI vehicle retailers across Canada for the second year in a row. To date, HGreg INFINITI Laval is the only Quebec dealership to reach the top of the Canadian ranking for …
