Business: Page 142

Business
Musk Behind the Vale: Tesla in talks with Vale S.A. for Canadian nickel supply
Toronto, Ontario – Tesla is currently in the market for a new nickel supplier and the electric vehicles (EV) giant may soon be turning an eye towards Canada to secure it. Tesla is currently in talks with Brazilian mining company Vale S.A. to potentially tap from their Canadian nickel supply, a valuable metal that is […]
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Business
Digital Dreams: Future for the Car Summit 2020
Toronto, Ontario — Financial Times Live is producing its sixth annual digital summit unpacking the complex internal forces that are changing the future of the automotive industry forever. The digital conference titled, “Future of the Car,” and will be held from December 2 to the 4 starting at 9 a.m. GMT on Financial Times Live […]
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Business
Deal’s a Deal: Trudeau, Ford to announce first stage of $2 billion EV investment
Ottawa, Ontario – The federal and Ontario governments are set to send out their first round of funding to the Ford Motor Company later today – an investment earmarked for EV (electric vehicle) and battery development at their Oakville plant. Each chipping in $295 million as part of the recent $2 billion deal struck between […]
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Business
When Life Gives You Lemons: New car dealers boost business with used car sales
Toronto, Ontario — New-car dealers are looking to prop up business with used-vehicle sales as customers seek alternatives to ride-hailing services, rental cars and public transportation during the pandemic. “Most of our showrooms are on the streetcar route, and you’ll see four or five streetcars go by with just four or five people in the […]
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Business
A Family Dynasty: APT Auto Parts — 40 years of Quality Service
Burnaby, British Columbia – The mid-70s saw the start of the Lebanese Civil War, which was around the time Salim Abu-Ata was running a successful Fiat dealership in Beirut. Salim knew once rumours of a civil war came to a head, he would have to leave his business to ensure his children’s safety. In 1979, […]
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Business
The Tesla Tick: CSN Chapman West Bedford becomes Nova Scotia’s first Tesla Certified collision centre
Halifax, Nova Scotia — CSN Chapman West Bedford, a well-oiled collision repair centre, received their Tesla certification last week—becoming the first shop in all of Nova Scotia and second in Atlantic Canada to do so. “Our shop sought out Tesla certification because of the grown demand of more fuel-efficient vehicles, I thought that it would […]
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Live on the Internet: CCIF’s first-ever virtual event begins today
Toronto, Ontario ⁠— The Canadian Collision Industry Forum (CCIF) will launch its first-ever virtual event, beginning today at 11 a.m. EST.  The event agenda features a medley of presentations from industry professionals, feature chances for attendees to talk to today’s top brands and will even offer a bilingual AkzoNobel workshop. With all sessions available in […]
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Sights Set: Unifor sets Oct. 14 strike deadline with FCA
Windsor, Ontario ⁠— A strike deadline in negotiations between Unifor and Fiat Chrysler Automobiles (FCA) has been set for Oct. 14 at 11:59 p.m., said Jerry Dias, Unifor president.  The negotiations affect approximately 9,000 workers at FCA’s Brampton, Ont. and Windsor, Ont. assembly plants, which typically build more than 500,000 vehicles annually, as well as […]
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Uncertain Ontario: OMVIC report shows shaky confidence in economic future for auto dealers
Toronto, Ontario – The Ontario Motor Vehicle Industry Council (OMVIC) has issued a report that indicates a significant feeling of uncertainty among Ontario auto-dealers. The survey issued by OMVIC shows that, when asked about their confidence in the strength of the economy in the long-term, 36 percent of dealers considered themselves to be “not at […]
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Emissions Oops: Fiat Chrysler agrees to pay $9.5 million penalty for disclosure violations
Detroit, Michigan —  The U.S. Securities and Exchange Commission announced on September 28th that Fiat Chrysler Automobiles N.V. had agreed to settle charges it made misleading disclosures about an internal audit of its emissions control systems.  The SEC found that in 2016, FCA represented in both a press release and an annual report that it […]
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King of Kenora: CARSTAR Kenora owner wins Entrepreneur of the Year at Chamber of Commerce
Kenora, Ontario – CARSTAR Kenora was honoured recently at the Kenora and District Chamber of Commerce’s annual Business Awards banquet, where owner Peter Scheibler took home the award for Entrepreneur of the Year. Scheibler was one of 12 other nominees in his category, and CARSTAR Kenora was among more than 40 businesses being recognized for […]
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Tuesday Ticker: October 6, 2020
Toronto, Ontario ⁠— Tesla takes on a fight with the Trump Administration, ⁠Canadian automakers report recent sales numbers and an ADAS provider launches a Lyft-exclusive claims management platform update in this week’s Tuesday Ticker. Tesla sues Trump Electric vehicle giant Tesla is suing the Trump Administration for tariffs imposed on a computer chip and other […]
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