Category: General

Bill C-20 CEWS updates now law

August 4, 2020

Proposed updates to the Canada Emergency Wage Subsidy (CEWS) program that were reflected in Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent on July 27. Changes include the extension of the program until December 19 — including …

Panasonic to improve Tesla battery

July 31, 2020

Panasonic Corp recently announced that it plans to boost the energy density of the 2170 lithium-ion battery cells that it supplies to Tesla by 20 per cent over the next five years. The cells are currently made with nickel-cobalt-aluminum cathode …

Fiat Chrysler limits losses

July 31, 2020

Fiat Chrysler Automobiles (FCA) announced Friday an adjusted loss of $1.1 billion (928 million euros) in the second quarter as a result of the pandemic. The loss, although significant, is smaller than predicted because of the OEM’s strong performance in …