Banco Santander, S.A. acquired Canadian-based lender Carfinco in 2015 and has now re-launched as Santander Consumer, bringing a new player and a big platform to the Canadian auto lending market. According to the company, the Santander Group is one of …
Global B2B automotive trading platform Trade X will add Techlantic, an Ontario-based auto trading, redistribution, and financing company, to its global group of companies. Trade X signed a definitive agreement to acquire the company in a move meant to boost …
Quebecor Media Expertise teamed up with the Quebec dealers’ association (otherwise known as the Corporation des concessionnaires d’automobiles du Québec or the CCAQ) to launch Otogo, a new platform to buy and sell used vehicles across Quebec. Otogo will replace …
KAR Global unit Adesa recently added OBD2 emissions codes to the condition reports of vehicles inspected at its locations, and is streamlining the scans through its new inspection process. The company said the codes will now be directly added from …
The AutoCanada dealership group recently acquired Montreal-based luxury-brand focused collision centre Autolux MB Collision. The company has been operating for more than 30 years, and is a certified Mercedes-Benz collision centre. The acquisition is part of AutoCanada’s strategy to expand …
Online auction platform EBlock acquired TradeHelper, a dealer-to-dealer digital auction marketplace, along with its parent company ESP Auctions—an independent auction located in Montreal, Que. “This move allows EBlock to expand and strengthen our position in our fastest growing market of …
U.S. lawmakers want to expand the tax credits for electric vehicles to include “significantly higher subsidies for union-made zero-emission models” assembled in the U.S., according to Autoblog. The proposal they laid out would give Detroit’s Big Three automakers a big …
England will become the first country globally to introduce mandatory electric vehicle charging points for new-build homes, according to Auto Express. “All new homes in England will have to be fitted with charge points for electric cars, as the government …
New York is moving forward with legislation to ban nearly all new gas- and diesel-powered vehicles in the state by 2035. “New legislation, which mandates that all new passenger cars, light trucks and off-road vehicles sold in the state be …
Ford plans to stop producing vehicles in India and will shut down both of its plants in the country—in Gujarat and Tamil Nadu states—by the second quarter of 2022. It will, however, continue to produce car engines for export, according …
Replacing the U.S. government’s federal fleet with electric vehicles could save the country’s taxpayers $4.6 billion by 2030, according to a report by the Electrification Coalition and Atlas Public Policy. “The report found that 97% of the light-duty vehicles and …
A new report from J.D. Power points to the shift in driving and vehicle ownership habits in Canada as having a significant impact on the automotive service industry. According to the J.D. Power 2021 Canada Customer Service Index—Long-Term (CSI-LT) Study, …
