Trader Goals: US reducing trade barriers against Canadian EV imports

Washington D.C. — The United States is expanding electric vehicle (EV) incentives from American-only vehicles to vehicles imported from anywhere in North America, paving the way for EV industry growth in the coming years. Under the Inflation Reduction Act, vehicles such as EVs, hybrids and hydrogen-fueled vehicles may qualify for a US$7,500 tax credit as […]

EV/AV Report: July 25, 2022

Toronto, Ontario — In this week’s electric and autonomous vehicles report, Tesla hits a self-driving milestone after settling in a German lawsuit, Ford and Baidu unveil autonomous cars without steering wheels and a Deloitte report suggests that tomorrow’s cars are vulnerable to hacking attacks – who knew? Clocked In Tesla celebrates 35 million miles driven […]

Paint and Train: AkzoNobel partners with Lincoln Tech for paint and coating training

New Jersey, United States – Lincoln Educational Services Corporation a technical training company has partnered with AkzoNobel Coatings, Inc, providing Collision Repair and Refinishing Technology programs with paints and refinish coatings solely from AkzoNobel. As part of Lincoln Tech’s collision repair and refinishing career training, students gain hands-on experience repainting panels and other auto body […]

Capsized Cargo: Volkswagen Group to replace vehicles lost in flaming shipwreck

Azores, Portugal — A Volkswagen Group executive has confirmed that the company will resume production of some vehicles lost in the sinking in the Felicity Ace, promising their North American customers replacement vehicles of some kind. After burning for days, the Felicity Ace sank, delivering over $100 million in luxury vehicles to the bottom of […]

Long and Luxurious: 30-metre limo breaks world record for longest car

Orlando, Florida –  A 30-metre super limo has just been restored, becoming the longest car in the world. In its first iteration, the super limo dubbed “the American Dream” measured nearly 19 metres long,  built in two sections with a hinge connecting the two halves.  The modern, restored version clocks in at 30.54 metres, just […]

This is Fine: Flaming ship capsizes with 4,000 cars aboard

Azores, Portugal — A ship bound for the United States with over 4,000 European cars has sunk on Mar. 1, after catching fire two weeks ago. After the Felicity Ace caught fire on Feb. 15, the 22-member crew were evacuated by the Portuguese Navy. Due to the electric car batteries onboard, only specialized firefighting tools […]

North to South: Atlantic Canada’s Steele Auto Group expands into Texas

San Antonio, Texas — On Feb. 2, Steele Auto Group announced its acquisition of two Hyundai dealerships in Central Texas. Kim Day, President of Steele Auto Group says the dealerships will be rebranded as Steele Hyundai Kyle and Steele Hyundai New Braunfels, operating as a partnership with Hyundai. The dealership is about 40 minutes from […]

Consolidation Craze: Vincent Romans predicts aggressive consolidation 

Las Vegas, Nevada ⁠— Vincent Romans says he’s seen more independent collision repairers considering selling their business than ever before, he told audiences at the MSO Symposium at Las Vegas’ Mandalay Bay on Monday. The managing partner of the Romans Group and publisher of an annual whitepaper on the U.S. and Canadian collision industries spoke […]

Tuesday Ticker: August 10, 2021

Toronto, Ontario ⁠— This week, Uni-Select reports its second-quarter financial results, Toyota Canada claims record-breaking July sales numbers and U.S. President Joe Biden says he plans for 50 percent of the nation’s new vehicle sales to be electric. Uni-Select says up, up and away Uni-Select reported its second-quarter financial results last week, reporting “strong market […]