Just Keep Building: GM to bolster EV development with expanded truck, SUV production

Detroit, Michigan — In the face of global parts shortages and skyrocketing gas prices, General Motors’ CEO has announced that the legacy OEM will double-down on its North American production capabilities and plans on “selling every truck we can build.” Mary Barra, the automotive giant’s head since 2013, made the announcement on Monday during GM’s […]

Big Picture: BASF CEO Martin Brudermuller says semiconductor shortage could have greater implications than imagined

Ludwigshafen, Germany — The impact of the global semiconductor chip shortage could be greater than expected, BASF CEO Martin Brudermuller said Wednesday, warning that shortages could also have an impact on chemicals players in the automotive aftermarket. With slower supply times from manufacturers, BASF reduced its estimate for cars produced in its second-quarter earnings call […]

CEWS to the Rescue: CADA estimates that CEWS helped protect close to 48,000 automotive employees across Canada during the pandemic

Toronto Ontario — Findings from the Canadian Automobile Dealers Association’s (CADA) one-year survey regarding the impact of the COVID-19 pandemic on automobile dealers shows that the Canada Emergency Wage Subsidy (CEWS) has been a critical lifeline for dealerships and employees across Canada.  The survey, conducted from April 1 to 15, 2021 collected responses from 535 […]