Tuesday Ticker: BYD stalls plan to enter North American market; Rivian experiences first revenue decline
Toronto, Ontario — In this weekly Tuesday Ticker, Chinese EV maker BYD reportedly scraps plans to enter the Canadian market, while Rivian experiences its first revenue dip since going public four years ago. Bye-bye, BYD China’s largest electric vehicle manufacturer, BYD, has decided not to expand into Canada, despite having previously conveyed its intentions to […]
Subaru Celebrations: Subaru achieves production of 20 million all-wheel-drive vehicles
Toronto, Ontario — Subaru achieved an impressive milestone this summer, by producing more than 20 million units of its all-wheel drive (AWD) vehicles. The milestone was achieved in the 49th year since the company introduced the Subaru Leone 4WD Estate Van, Japan’s first mass-produced AWD passenger car, in September 1972. AWD models currently account for […]
Race Cars to Kayaks: Race car engineers design custom kayak for Japanese Olympian
Tokyo, Japan — Olympic kayaker Kazuya Adachi took on the games with a custom boat built by race car engineers who had never even made one before, reported Reuters. Mooncraft, a company that builds race cars, also took on the project without even looking to see how other kayaks in the competition were built. “We […]
High Roller: Nikola founder Trevor Milton charged with three counts of fraud
Manhattan, New York — Trevor Milton, founder and former executive chairman of electric car-maker Nikola, was charged with three counts of fraud for lying about “nearly all aspects of the business” to persuade investors into buying shares, according to an indictment unsealed Thursday. The U.S. Attorney’s Office in Manhattan charged Milton with two counts of […]
Spotlight for Suppliers: GM recognizes top suppliers with 29th annual awards
Toronto, Ontario — General Motors has recognized its top global partners through its 29th annual Supplier of the Year awards. Recipients of the Supplier of the Year award include 122 suppliers representing 16 countries, with more than a dozen first-time winners. Additionally, 26 companies representing eight countries earned GM’s coveted Overdrive Award. The Supplier of the […]
