Yolanda Biswah, who was promoted to vice president of sales in 2020, now steps into the role of senior vice president and general manager for Canadian Black Book. She will be responsible for the day-to-day operations of CBB, with oversight …
Global B2B automotive trading platform Trade X completed its financing round on July 27, gaining an additional equity funding of US$10 million (at a US$250 million pre-money valuation) from new investors. “We are humbled by the support that we have …
The semiconductor shortage that continues to impact a number of automakers around the globe is far from over. According to CNET, a major Japanese semiconductor chip supplier (Rohm), “said it foresees chip shortages throughout next year. It’s not that the …
Mexico requested formal consultations with the United States to settle a disagreement around measuring regional content for cars to trade duty-free; the U.S. insists on using a stricter method than its other two North American trading partners believe they agreed …
The American Automobile Association (AAA) auto club measures the increasing cost of a car, truck and SUV every year, and this year the national average cost to own and operate a new vehicle adds up to US$9,666. “2021’s annual average …
Electric vehicle maker Rivian plans to pursue an initial public offering (IPO) this fall, and wants to achieve a valuation 350 times that of Tesla’s IPO in 2010. “Rivian disclosed Friday that it has submitted its S-1 registration to the …
Toyota sold its 50 millionth Corolla after 55 years of production and 12 generations. It was initially introduced in 1966, and arrived in the United States in the 1969 model year, according to CNET. “That car had a starting price …
Quebec’s Groupe Park Avenue and the Montreal Alouettes are teaming up for a two-year partnership that will see the dealership group become the presenter of the Alouettes’ 2022 season tickets renewal campaign. “It is with great pleasure that we welcome …
For dealers interested in how the Canadian motor vehicle assembly sector is doing, DesRosiers Automotive Consultants (DAC) reports that it is lagging behind the overall automotive industry. Through much of this year, DAC talked about the pandemic and the semiconductor …
FIX4 Capital, which specializes in affordable and quick vehicle repair financing, joined the Canadian Lenders Association (CLA), a national non-profit organization, to help provide consumers with greater access to affordable financing solutions. CLA represents more than 130 FinTech companies in …
Digital Air Strike joined the Fortellis Automotive Commerce Exchange—an open platform for developing and marketing API-based auto solutions—as a new contributor on the platform. The integration on the platform is meant to provide a more user-friendly back-end experience, and a …
Upstream Security, an automotive cyber security and data analytics company for connected vehicles, recently closed a $62 million investment as part of its round C funding. The latest investment was led by Mitsui Sumitomo Insurance (MSI), and included investors such …
