Corporate Decision: Ford Canada withdrawing from all Canadian auto shows

Toronto, Ontario — Ford Canada will be withdrawing corporate support from all Canadian auto shows in 2023, citing a change in business strategy. “As the auto industry experiences change at a pace never seen before, Ford of Canada is transforming every part of its business,” company spokeswoman Lauren More said in an email to Automotive […]

Tuesday Ticker: Tesla tops Toyota’s Q3 profits; Carvana e-commerce share price slashed

Toronto, Ontario ⁠— In this weekly financial-watch report, Tesla’s Q3 results are compared with Toyota’s and e-commerce platform Caravana sees its share price cut in half.  Tesla tops Toyota Tesla could have earned eight times as much per vehicle as Toyota in Q3, reports Asian newspaper Nikkei.  A report from Electrek claims Toyota delivered eight […]

Camo to Clear Coats: Nova Scotia highlights importance of helping former veterans transition to skilled trades

Halifax, Nova Scotia — A Nova Scotia legislature committee was taught the importance of supporting military members transitioning to skilled trades upon leaving the service, on Tuesday. Nicole Johnson-Morrison, associate deputy minister with the provincial labour department, told the veterans affairs committee that many members of the military have unique skills the provincial economy is […]

Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned.  ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]

Still Growing: AutoCanada acquires two luxury collision centres in the Greater Toronto Area

Scarborough, Ontario — AutoCanada has acquired Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, two luxury collision centres east of the Greater Toronto Area. Excellence Auto has provided collision repair services to Scarborough and the Greater Toronto Area for more than 30 years, maintaining certifications with Tesla, Mercedes-Benz, Porsche, Audi, BMW, Mini, Lucid, […]

Spontaneous Heating: NHTSA recalls 2016-2018 Hyundai Santa Fe SUVs for engine fire risk

Washington, D.C., United States – On Tuesday, the NHTSA has placed a recall on 2016-2018 Hyundai Santa Fe Sport SUVs, citing malfunctioning anti-lock brake systems that could create electrical shorts and engine fires while parked or driving. While Transport Canada has not recalled the 2016 Hyundai Santa Fe Sport SUV, it previously recalled 2017-2019 Santa […]