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Steady Markets: AutoTrader predicts stable vehicle purchases despite changing economic outlooks for Q3, 2022
Toronto, Ontario — AutoTrader has released its latest “vehicle purchase intentions” study with one particularly surprising result—24 percent of Canadians polled expect to buy a vehicle in the third quarter of 2022, 6 percent higher than the 18 percent who expected to buy a vehicle in the third quarter of 2021. According to the study, […]
Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Silicon Shift: Global car production forecasted to increase, says research analyst
Toronto, Ontario — Global car production is forecasted to increase in the second half of 2022 thanks to supply chain recovery, according to a report by, J.P. Morgan Research, a research wing of the international banking company. Semiconductor and chip shortages are nearing the end and should become more readily available in the second half […]
Fuel Surge: CIB invests $500M to develop Canadian ZEV charging, hydrogen refuelling infrastructure
Toronto, Ontario – Last Wednesday, the Canada Infrastructure Bank announced the launch of the Charging and Hydrogen Refuelling Infrastructure Initiative (CHRI), which will seek to invest $500 million into the installation of zero-emission vehicle (ZEV) chargers across Canada. According to the public interest oriented crown corporation, this project aims to reduce greenhouse gas emissions, accelerate […]
Gettin’ Down in Motown: Detroit Annual Auto Show returns after three-year hiatus
Detroit, Michigan – Detroit’s annual auto show returns in mid September after a three year hiatus due to Covid-19. The event’s focus is changing from general automotive appreciation and industry displays to “celebrating the biggest transformation of the industry since Henry Ford launched the first assembly line more than a century ago.” Highlighting the EV/AV […]
An Offer You Can Refuse: Ontario man overcharged $7,000 after Avis promotional offer error
Toronto, Ontario — Reports suggest that Avis has accidentally overcharged one of its customers for the second time in the past month. Domenic Maggi, from Bolton, Ontario, claims he was overcharged more than $7,000 by Avis rental after a family trip to Italy. This comes after a Vancouver woman was overcharged nearly $8,000 by the […]
Down to Business: First Female GM President inducted into Canadian Business Hall of Fame
Toronto, Ontario — The first Female president of General Motors Canada has been honoured with an induction into the Canadian Business Hall of Fame. Maureen Kempston Darkes served as President and General Manager from 1994-2001. She was the highest-ranking woman within the company during that period. Kempston-Darkes was honoured not only for her trailblazing appointment […]
Pay to Play: BMW locks certain digital functions behind paywall
Seoul, South Korea — Taking a cue from the airline industry and mobile gaming, BMW is pushing paid subscriptions as the only way customers access certain services. According to BMW South Korea’s website, several functions on consumer BMWs have been rebranded as the “connected booster package,” locking off certain digital functions behind a subscription-based paywall. […]
Movin’ On Up: John Cappella appointed as new President and CEO of Porsche Canada
Toronto, Ontario — John Capella was appointed as the new CEO and president of Porsche Cars Canada (PCC) on Thursday and will take over the position from Marc Ouayoun effective Sept. 1. Ouayoun is not leaving the company, but pivoting to a new role under the Volkswagen brand. Cappella succeeds qualified executive Ouayoun in this […]
