Tesla CEO Elon Musk is planning to include a four-motor version of the Cybertruck electric pickup, along with four-wheel steering for off-road maneuvering features, according to Green Car Reports. “When the Cybertruck was unveiled in late 2019, a three-motor version …
American truck and SUV manufacturer Rivian was offered incentives by the U.K. government to build a £1billion (approximately CA$1.69 billion) vehicle-production facility in Somerset, according to Auto Express. “The perks include a new exit off the M5 motorway for easy …
Sales of 110,448 new vehicles in Canada in November, as estimated by DesRosiers Automotive Consultants (DAC), were down 13.9% from the same month last year and 23.9% from November 2019, which was the last pre-pandemic year for comparison. As a …
AutoCanada completed the acquisition of 11 dealerships from the Autopoint Group, which continues to operate across Southwestern Ontario after more than 17 years. In a news release, the group said the dealerships generate annual revenue of more than $345 million, …
Canadian automotive leasing company Auto|One officially opened their new dealership on Windmill Road in Nova Scotia on Dec. 1, 2021, and in so doing launched their Maritime leasing operations. The company offers leasing on both new and used vehicles, across …
Quebec’s Groupe Park Avenue acquired Bang Carrosserie that caters to consumers’ automotive bodywork needs and is located in Brossard—part of the Greater Montreal area. With this acquisition, the group said nearly 20 jobs were preserved and added to Groupe Park …
Toyota donated $115,000 to the Canadian Red Cross to support relief efforts in the affected communities of British Columbia as a result of floods and extreme weather. Toyota Canada, Toyota Motor Manufacturing Canada, Toyota Financial Services, and Canadian AutoParts Toyota …
The Chicago Auto Show will return to McCormick Place in Illinois from February 12-21, 2022 at its traditional time of 10 a.m. to 10 p.m. with the exception of Presidents’ Day, according to the Chicago Automobile Trade Association (CATA). The …
B2B automotive trading platform Trade X secured additional debt financing from Forbright Bank and a global asset management firm to help expand its growth in North America and globally. The company said the new lines of credit total US$50 million …
Still on an up trend, prices continue to rise in the Canadian used wholesale market—now for the 16th straight week, based on Canadian Black Book’s weekly auto market update that ended on November 26. Declining new and used vehicle inventory …
Tight inventory and high prices for automobiles in the United States continue to put a damper on new vehicle sales, as November’s seasonally adjusted annual rate (SAAR) of sales is forecasted to finish near 13.4 million—which would be an increase …
The Senior Vice President and Head of TD Auto Finance, Michael McGhee, will be moving to a new role as Senior Vice President, Divisional Office, and Transformation within TD’s Business Bank—effective December 7, 2021. With this change the company also …
