U.S. President Joe Biden met with General Motors’ Mary Barra and finally with Tesla’s Elon Musk, who has long complained about being ignored, for an electric vehicle industry meeting. “The administration said in a statement ‘there was broad consensus that …
Nissan wants to produce an electric vehicle with in-house (developed) solid-state batteries by 2028, according to Auto Express. The OEM has a prototype facility for producing the cells within the Nissan Research Center in Japan. “The plant is a crucial …
Tesla may start producing its electric pickup truck next year, according to Car and Driver. C&D said Musk officially promised the electric Cybertruck and the Tesla Semi in 2023. “We’re going to move to . . . scale that no …
Vietnam’s VinFast filed for an initial public offering (IPO) in the U.S. as the electric vehicle maker begins construction on a factory in North Carolina. Based on Autoblog, the share sale could raise around $2 billion. “At $2 billion, VinFast’s …
Used vehicle prices declined slightly in the Canadian wholesale market—down 0.02% for the week ending on April 1, compared to +0.09% the prior week. The 2017-2019 average for the same week was -0.18%, according to Canadian Black Book. Overall, car …
AutoVerify, which is powered by Mobials, is teaming up with Auto Shield Canada to help dealers sell more finance and insurance (F&I) products. “We are very excited to be partnering with Auto Shield Canada,” said Marty Meadows, President at AutoVerify. …
Automotive retail technology company CDK Global is set to be acquired by Brookfield Business Partners for $8.3 billion. The company entered into a definitive agreement to be acquired by Brookfield Business Partners, together with institutional partners which are collectively known …
The Ford F-series remains the best-selling vehicle in Canada—by just a few units. According to DesRosiers Automotive Consultants (DAC), the Ford F-series has been the best-selling vehicle in the country on an annual basis since 2009, and the best-selling pickup …
Following news of the first standalone Genesis Retail Experience Centre in the United States, the automaker announced the first such retail facility in the province of Quebec. Genesis Estrie is located in Sherbrooke, Que., and is the automaker’s second retail …
March of 2021 was the strongest month of the last year for auto sales in Canada, but given the combined impact of ongoing pandemic-related issues and supply-side constraints, the trend has been downhill ever since. Sales of 140,460 new vehicles …
In a recent report from J.D. Power, in which it notes that leasing volume now accounts for 19 per cent of total new vehicle sales, the company said both lenders and dealers need to be “more targeted and purposeful than …
Cox Automotive recently launched Kelley Blue Book Instant Cash Offer in Canada after offering the tool in the United States for more than six years. The “new” tool is customized for the Canadian market and aims to help dealers get …
