Tuesday Ticker: Fisker pauses production, aims to raise US$150 million in funds; while Ont. Premier teases ‘banner year’ for auto industry
Toronto, Ontario — In this weekly economics report, Fisker announces its plan to pause EV production amid bankruptcy rumours and other financial decisions from the company, while Ontario Premier Doug Ford teases a “banner year” for the industry, thanks to jobs in the EV supply chain. Fisker’s finances Electric vehicle maker Fisker is pausing EV […]
Thwarting Theft: Ontario spending $18 million over three years on auto theft prevention
Toronto, Ontario — The Ontario government is spending $18 million over the next three years to fund projects intended to fight auto theft, Premier Doug Ford announced on November 24. The money to fund these projects will come through a preventing auto thefts grant, according to a news release accompanying the announcement. This grant money […]
No More 90210: Doug Ford promises Ont. insurance reform, calls for end to postal code pricing
Toronto, Ontario – During a press conference Thursday, June 30th, Ontario Premier Doug Ford suggested that insurance premiums predicated on postal codes may be coming to an end. The insurance industry’s practice of pricing based on location represents unfair gouging of consumers, according to Ford. “I know we’re working on a plan for insurance companies, […]
Rights and Privileges: Ontario premier considering revoking licenses from blockading protesters
Toronto, Ontario — Following his announcement declaring the province of Ontario to be in a state of emergency due to ongoing trucker convoy blockades, Premier Doug Ford expanded on his warnings, saying that measures are even available to revoke personal and commercial licenses from unlawful protesters. “What they are seeing, it’s not who we are,” […]
Left Behind: More than 30 Ontario trades inspectors to be laid off for new Skilled Trades Ontario model
Toronto, Ontario — Does the line, “I give you my word: not one single person will be laid off when I become Premier,” ring any bells to any Ontarians? Because the province’s skilled trades inspectors are reeling after the Ford government issued layoff notices to more than 30 Ontario College of Trades (OCOT) employees. “We […]
EVs All Day: Ont. Premier Ford announces aims to produce 400,000 Ontario-made EVs by 2030
Guelph, Ontario — Ontario Premier Doug Ford unveiled the second phase of the “Driving Prosperity” plan on Wednesday from Linamar’s Guelph facility, where he laid out the province’s new auto industry goals for the year 2030. Alongside Minister of Economic Development Vic Fedeli and Linamar CEO Linda Hasenfratz, Ford described four goals that the government […]
EV/AV Report: November 15, 2021
Toronto, Ontario – In this week’s electric and autonomous vehicle report, Shell Canada receives funding for 79 new EV chargers across the country, Ontario’s Premier pushes back on EV incentives in the province and Subaru unveils its new Solterra EV crossover. A Shell of its Former Self Shell Canada is getting in on the nation’s […]
Introducing the Putting Drivers First plan
By CRM staff Toronto, Ontario — April 16, 2019 — Ontario’s government is pursuing a new policy meant to radically change the way auto insurance works for the province’s five million drivers. The new initiative, called the Putting Drivers First plan, was outlined in the Legislature by Tory Finance Minister Vic Fedeli as […]
GM announces planned closure of Oshawa plant
By CRM Staff Toronto, Ontario — November 26, 2018 —Thousands of General Motors assembly workers walked off the line in protest this morning in Oshawa, Ontario, after the company revealed its plans to shut down the plant in 2019. The factory, which currently employees 2,500 workers, is being closed as a part of GM’s sweeping […]
Ford cuts Ontario College of Trades
By CRM Staff Toronto, Ontario — October 24, 2018 —Ontario’s provincial government has announced the that the Ontario College of Trades will cease operations in early 2019 after a winding down period. The Making Ontario Open for Business Act, which also scuttled plans for a raise the minimum wage, also lays out plans for the […]
