An agreement that took two years to negotiate has led to Peru getting financing for sustainable development projects, and Switzerland getting to count the resulting emissions cuts against its national targets, according to Climate Home News. The two nations consider …
Retail sales in the United States have accelerated in September, but as federal government money runs out and businesses continue to lay off workers the recovery is likely to be impacted. “Although sales growth is strong, it will slow through …
Automotive loans were not protected in the U.S. Cares Act meant to help Americans financially during COVID-19. According to Car and Driver, “anyone with an auto loan who missed some payments over the last half-year might have taken a hit …
Fiat Chrysler Automobiles (FCA) will invest between $1.35 and $1.5 billion in its Windsor, Ont. assembly plant to build electric vehicles as part of an interim agreement with Unifor. “Not only is Fiat-Chrysler maintaining the current portfolio but they will …
Hertz Global Holdings Inc, a bankrupt car rental company, plans to invest up to $1 million in vehicle acquisitions in the United States and Canada. According to Autoblog, it also plans to invest “up to $800 million for working capital …
BMW has recalled 4,509 plug-in hybrid vehicles in the United States and 26,900 globally, because debris may have entered the Samsung battery cells during production and could cause a short circuit. In rare cases, it could cause a fire. Affected …
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 …
