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Ontario Finance Minister Peter Bethlenfalvy and Premier Doug Ford
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Government Incentives

Ontario budget 2023 offers small, medium suppliers tax credits

While Ontario Finance Minister Peter Bethlenfalvy delivered a rousing speech that took MPPs on a virtual winding road trip — a victory lap, of sorts — of automotive investment in the province, the budget he tabled Thursday was light on new money, incentives and tax breaks for the industry.
Emile Korkor receives the 2023 North American Car of the Year award for the Acura Integra
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Canadians Abroad
Canadian Acura VP of U.S. sales is sold on California, but his soul is still Canadian
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Cars & Concepts
Chevrolet to end production of Camaro sports car in 2024
March 24 Newscast
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Weekly Newscast
The Big Story: Sales are picking up; Tesla Model 3 deliveries surge; DSMA's new venture
Brendan Sweeney
Canada Conversations
ANC Podcast: March 24, 2023 | Brendan Sweeney on what VW’s battery plant means to and says about Canada
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Retail
Canadian Ford dealers win concessions on contentious EV programs
Canada Drives
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Retail
Canada Drives granted creditor protection as it restructures, abandons online
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Automakers
Ford expects to lose US$3 billion on EVs this year
Justin Trudeau at Stellantis Windsor
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News Analysis
Industry looks to Ottawa’s March 28 budget to solve IRA incentives imbalance
AUTOMOTIVE NEWS CANADA PODCASTS
ANC Podcast: March 17, 2023 | Cadillac Canada’s Mike Speranzini on sales, Lyriq, energized dealers
Canada Conversations


 
Managing Director for Cadillac in Canada Mike Speranzini tells us the secret to surging sales, explains why the interaction between driver and vehicle is one of the more important details in luxury automobiles, and says upgrading dealerships to prep for electric vehicles is “not a task for the faint.”

 
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BEST PRACTICES
How an Ontario dealership group wins big by thinking small
Best Practices

In the buy-sell world, size and scale is the name of the game, but smaller stores have many tricks up their sleeves, the 401 Group of Companies believes.

 
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Manufacturing
U.S. Treasury to release EV battery sourcing rules next week

The auto, battery and clean energy industries have been awaiting guidance on complex questions governing eligibility for hundreds of billions of dollars of incentives in the Inflation Reduction Act, signed into law last year.
 

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Suppliers
EV push could spur more supplier mergers and acquisitions

The pace of supplier mergers and acquisitions could soon pick up as companies look to reposition themselves for the EV era and as private equity firms seek to put hundreds of billions of dollars in outstanding capital to work.

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Retail
A slow sales upswing is just beginning

"Normal" production levels could return in 2023, but the industry isn't out of the woods yet as supply constraints are likely to linger for "several months."

Vicinity Motor Corp.’s electric commercial truck
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Retail
Buy-sell firm DSMA to build out a national commercial-EV dealership network

For Toronto-based DSMA, which specializes in finding qualified buyers in Canada and the United States for new-vehicle dealerships, the deal represents new territory. For Canada’s Vicinity Motor Corp., it’s a chance to expand beyond its compact EV transit buses to sell vehicles in a growing market.

Otto's Subaru Showroom
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Best Practices
CADA’s top dealership thrives on family values

TLC for everyone is a guiding principle for customer service at Otto’s Subaru in Ottawa.

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Cars & Concepts
2023 Dodge SRT Challenger Demon 170 roars with 1,025 hp

The latest Demon is Dodge's seventh and final 'Last Call' special-edition model as the brand prepares to end output of the gasoline-powered Challenger and Charger.

Unifor President Lana Payne Arm Raised
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Labour
Unifor organizes GM, Tesla supplier Sodecia Automotive London in Ontario

Unifor has added another parts plant to its growing roster of automotive workplaces following a unionization vote at Sodecia Automotive London Inc., last month.

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Electric Vehicles
Tesla Model 3 deliveries eligible for federal ZEV rebate surged in February

The spike in Tesla Model 3 deliveries comes one month after the automaker slashed the price of the sedan, allowing it to once again qualify for the federal rebate

Andy Wadeson
Sponsored Content From TD Auto Finance
Expert Insights: The Implications of Rising Interest Rates

For the first time in more than two decades, consumers, dealerships and OEMs are contending with record-high interest rates. And this latest drag on the economy comes on top of other challenges facing the auto industry, such as low vehicle inventories and supply-chain disruptions. 

Li-Cyle Spoke Recycling Line
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Electric Vehicles
Battery recycler Li-Cycle moving to new facility in Kingston, Ont.

The Toronto-based company said it will double its lithium ion battery material processing capacity in Kingston to 10,000 tonnes per year, as well as add warehousing, research, and training space at a new integrated facility in the Eastern Ontario city.

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EXPERT INSIGHTS: Buy/Sell Trends

Dealership valuations are expected to either remain steady or soften a bit in 2023. But merger-and-acquisition (M&A) activity is expected to remain robust, even as a variety of factors – the emergence of electric vehicles (EVs), high interest rates, inventory shortages and inflation, for example – continue to roil the auto industry. 

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