North America production downtime overtime - 04/03/17
Ford is officially extending production of its GT supercar for two more years. The initial run included 500 GTs, with 250 being built a year at a facility in Markham, Ontario.
A week after conceding it needs electric vehicles, longtime EV-skeptic Toyota Motor Corp. said it is forming a streamlined “in-house venture company” next month to start developing battery-powered eco-cars in a speedy, innovative way.
Southeast Michigan is starting to look like northern California, minus the redwood trees, the year-round good weather and the crazy expensive housing.
Karma Automotive opened an engineering and sales office in Troy, Mich., in May. The company wants "to capture the talent that's here."
Ford is spending $500 million to add 300 engineers and create a research and engineering centre in Canada's capitol to enhance connected vehicle technology.
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VW free to sell updated '15 diesels; New engine for Ford Canada?; Hyundai EV plan; Mahindra eyes U.S.; Racing's Roush, GM's Welburn head to Hall of Fame; Honda's high-flying gambit.
Two Toyotas, one built in Canada, have swept the Automobile Journalists Association of Canada's 2017 “green” vehicle awards.
Alphabet's Waymo self-driving unit sought to arbitrate claims last year against a former employee at the center of a lawsuit against Uber, court records show, in what Uber said strengthened its bid to get the case out of court and into arbitration.
President Donald Trump's pick to head the Labor Department once had the UAW's back in a dispute with DaimlerChrysler.
Ontario's Liberal government will miss its self-imposed deadline of March 31 to have a network of nearly 500 electric vehicle charging stations up and running.
Santander Consumer USA agreed to pay $25.9 million to resolve probes by the attorneys general in Massachusetts and Delaware into its financing and securitization of subprime auto loans. The deals resolve allegations Santander facilitated unfair, high-rate auto loans for thousands of car buyers.
Ford of Canada will make an announcement at its Essex Engine Plant in Windsor, Ont., on Thursday morning.
DALLAS, Texas, March 29, 2017 – MUSA Auto Finance, an auto finance company specializing in new and pre-owned vehicle leasing, announced today it has entered into a $125 million warehouse facility with Goldman Sachs and additionally, secured a capital investment of up to $50 million from Crestline Investors, Inc. The capital investment along with the warehouse facility will provide MUSA Auto Finance with the funding needed to launch its auto leasing program nationwide in 2017.
Canadian sales of the Nissan Leaf have grown every year since the electric vehicle's debut in 2012 and now the next-generation Leaf has been spotted testing. Spy photos indicate the vehicle's styling align with the rest of the brand.