Volkswagen Group reported first-half operating losses of $940 million (800 million euros) this past Thursday due to a 27 per cent drop in vehicle deliveries. “The first half of 2020 was one of the most challenging in the history of …
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 …
Kia Canada has announced that a limited edition Stinger is coming to the Canadian market. Available in the fall, the neon orange Stinger will be based on the 2021 Stinger GT Limited model and will feature a 3.3L Twin-Turbo GDI …
Canadian Black Book (CBB) released data for the week of July 28th showing small week by week gains that may indicate a slow strengthening across the industry. The report noted that the small weekly gains they’ve been tracking will make …
Cars.com Inc., a leading digital automotive marketplace and solutions provider, recently shared a large amount of consumer data and research that they’ve been tracking since the pandemic hit in March, 2020. Based on this data, the company has identified several …
Cox Automotive, which includes brands like Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim has a new president. Cox Enterprises announced this week that effective August 3, 2020, Steve Rowley will take on the new role. The announcement was made …
Toyota Research Institute — Advanced Development, Inc. (TRI-AD) announced this week that it will be expanding its operations. Effective January 2021, the company will launch a holding company and two operating companies. Woven CORE, Inc. and Woven Alpha, Inc. will …
Moving forward, Sunridge Automotive is increasing the precautions they take when accepting trades and buy-ins, after a truck the dealership had screened was discovered stolen. The vehicle in question had been re-VINed with a VIN that was not stolen, and …
International Fortune 500 automotive retailer Group 1 Automotive, Inc. reported a 2020 second quarter net income of $30.2 million this week and a second quarter total revenue of $2.1 billion. “Rapid and deep cost cuts, combined with a quicker-than-expected U.S. …
Car dealerships have met the challenge of COVID-19 by reinventing the sales and service process. British Columbia — and other jurisdictions — have begun the process of reopening their economy in a safe and responsible manner. BC’s New Car Dealers …
Amid the chaos and pain, is there an opportunity for reinvention? During the months after the COVID-19 lockdowns, the focus of all businesses will clearly be on hard issues: getting the business back to capacity, regaining lost revenue streams and …
The pandemic has disrupted the auto industry, but momentum towards EVs continues. It has been a tenet of the auto industry, since long before the COVID-19 pandemic upset everybody’s plans worldwide, that the future will be both electric and autonomous, …
