Bill C-20, which will effectively transform the Canadian Emergency Wage Subsidy (CEWS) into an economic stimulus program was unanimously passed in the House of Commons last week. The legislation will revise the CEWS by expanding eligibility requirements, introducing a sliding …
The Canadian automotive sector has contributed to an increase in retail sales, which rose across the country by 18.7 per cent in May. According to Statistics Canada, retail sales increased to $41.8 billion. Excluding the automotive sector, the sales increase …
Tesla filed a lawsuit on July 23, 2020 against its competitor Rivian, an American electric vehicle start-up with facilities across the United States, Canada, and the United Kingdom. In the lawsuit, Tesla claimed that Rivian poached its employees and stole …
Fiat-Chrysler (FCA) offices were searched in Germany, Italy, and Switzerland last week as German authorities continue to investigate the role of the company’s employees into software that may have been used to defeat emissions detection devices. Prosecutors believe the engine …
Voluntary CO2 emissions standards have been introduced by the Australian automotive industry in an effort to catch up to global standards. Beginning in 2021 the industry will evaluate CO2 emissions targets of every automotive brand in Australia, publishing an annual …
Trevor Tamke, CPA, CA, Partner, Taxation Services, MNP, talks about the proposed changes to the Canada Emergency Wage Subsidy (CEWS), including doing away with the 30 per cent revenue decline threshold and plans to extend the program until later this …
The latest report from DesRosiers Automotive Consultants (DAC) found that June revealed a relative improvement in national sales, along with some notable differences in provincial performance. Total sales for June came in at an estimated 156,000 units — down “only” …
Canada’s electric vehicle market will likely experience stagnation this year due to a lack of support from provincial governments — but federal incentives should provide a boost to the market, according to Frost and Sullivan. “As there exists a notable …
Several businesses and one OEM have teamed up to launch a new initiative known as Transform to Net Zero to help accelerate the transition towards a net zero global economy. The announcement came on July 21 and listed the founding …
Canadians and Americans are taking shorter road trips this summer as they attempt to remain closer to home. Recent data from Turo, in which the peer-to-peer car sharing network looked at Quebecer travelling habits during Construction Holiday, the company found …
Wholesale values are stabilizing and true market demand will make itself known in the weeks or months ahead. These are the latest key observations from Canadian Black Book pulled from its weekly COVID-19 update released on July 21. Entering the …
Consumer demand is on the rise in Ontario dealerships, according to a recent third-party study conducted by EQ Works and commissioned by TRADER. The study looked at foot traffic among 750 Ontario dealerships and shows a significant increase in physical …
