Britain’s official separation from the European Union could cost automakers and industry suppliers up to 11 billion euros, or around CA$17.07 billion if cross-border trade does not remain tariff-free, according to Nicolas Peter, BMW’s Chief Financial Officer. “The auto industry …
The federal and Ontario governments will each chip in $295 million to support production at Ford’s plant in Oakville, Ont., as part of a three-year agreement. The money is meant to promote the mass production of electric vehicles and batteries. …
Waymo is opening up registration for its self-driving, ride-hailing service to more people in Phoenix, Arizona. According to Car and Driver, “Waymo One riders in Phoenix who are already using the service can now bring along their friends and family …
Germany’s Transport Minister, Andreas Scheuer, has decided to drop plans for a car toll on motorways across Europe, due largely to opposition from within the German government and also from European Union partners, according to Reuters. “Deliberations on finding a …
The ownership-cost advantage for electric vehicles is particularly strong for SUVs and pickup trucks. According to Green Car Reports, when comparing these types of vehicles to their gas-engine counterparts, “an electric car can cost 10% to 40% more than a …
After bottoming out in Q2, auto sales in Canada rebounded in the third quarter of 2020 to just 3.9% below 2019 levels. While the sales recovery showed signs of faltering in August, it bounced back strongly in September with an …
U.S. new car sales declined year-over-year in the third quarter, although new vehicle sales are trending upward from the lows earlier in the pandemic. “New-vehicle buyers haven’t left the market — a reality in-line with the more uneven K-shaped recovery …
Tesla CEO Elon Musk is hoping to push his vehicles into India’s automotive market in 2021, according to a recent tweet. “Tesla’s entry could come at a time when Prime Minister Narendra Modi is increasingly becoming focussed on promoting the …
Honda Motor plans to end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and instead focus on zero-emission technology. “This is not a result of the coronavirus pandemic …
Ford is recalling more than 76,000 new vehicles in Canada, including trucks and SUVs, because a faulty electrical connection in the rearview camera could cause the image to intermittently show a blank or distorted image. The affected models include 76,566 …
The Liberal government, during its much-anticipated Throne Speech, promised to extend the federal wage subsidy program until next year. “Promises affecting businesses included extending the Canada Emergency Wage Subsidy (CEWS) to summer 2021, which was most recently extended through to …
A recent extension of stage-four restrictions for residents of Metropolitan Melbourne, with more lenient restrictions for regional Victoria, means car-buying must be done within five kilometres of a person’s home and be a necessary purchase for work or to access …
