The semiconductor chip shortage that has impacted a number of automakers across the globe may cost OEMs US$110 billion in revenues this year — up from a previous estimate of US$61 billion, according to AlixPartners. The forecast from the consulting …
For dealerships in Australia, June has traditionally been the biggest month of the year for new-car sales, but inventory shortages (due to pandemic-related issues) are likely to impact that period. “Severe stock shortages in the lead-up to the end of …
Texas lawmakers want to tax electric vehicles, since they circumvent fuel taxes in the state. According to The Truth About Cars, “The proposed legislation stipulates an annual fee of between $190 and $240, an additional fee of at least $150 …
Ford is partnering with Korean energy company SK Innovation in a new joint venture that will see the two companies create BlueOvalSK: a firm responsible for producing batteries in the United States. “The automaker thinks it will need 240 gigawatt …
Tesla has reportedly received preliminary approval to move forward with its Gigafactory in Berlin, Germany. “Based on the tweets below, Teslarati suggests that a preliminary approval from the Brandenburg government will allow Tesla to begin working on installations related to …
Cox Automotive Canada has created two new awards around inclusion and diversity for eligible students at the Georgian College Automotive Business School of Canada (ABSC): The Cox Automotive Canada Inclusion Award and The Cox Automotive Canada Diversity Award. As of …
Twenty-five per cent of women in the United States defect annually from their dealership’s fixed ops department due to communication inconsistencies, according to Women-Drivers.com (WD). The company says the percentage of defects translates to an average loss of $1.03M in …
Market share for zero-emissions vehicles increased in 2020, with the percentage of new ZEV registrations in Canada accounting for 3.52% of new light vehicle registrations, according to DesRosiers Automotive Consultants (DAC). The increase was small when considering the majority of …
The Canadian used vehicle wholesale market continues to do well in terms of overall weekly performance, with an increase of 0.51% for the week ending on May 18 — up from last week’s 0.46%, according to Canadian Black Book. In …
Quebec’s Groupe Park Avenue recently appointed Geneviève Lagassé as its new director of human resources. “We are very happy to welcome Geneviève to our big family. She is a dynamic person, open-minded, and close and attentive to people,” said Norman …
A new online survey commissioned by PureCars points to the importance of digital retailing and which aspects of it consumers are most leveraging, approximately one year into the pandemic. The online survey was presented to more than 2,000 automotive shoppers …
Average new vehicle prices in the United States jumped 2.2% or $864 in April, year-over-year, and increased 0.23% or $92 from March 2021, according to the analysts at Kelley Blue Book. The estimated average transaction price for a light vehicle …
