GM, Ford confident they'll offset costly new contracts with unions

EVs had 79 per cent more problems than gasoline vehicles, according to Consumer Reports' 2023 auto reliability survey. Hybrids scored best, with 26 per cent fewer problems than gasoline-powered vehicles.

Toyota said the money will also go into developing smart-driving technology and a wide range of other initiatives ongoing in the industry.

Vito Paladino will assume the roles of president and CEO of Volkswagen Group Canada on Jan. 1, 2024, while Edgar Estrada will join the group as president of the Volkswagen Brand in Canada at the same time.

Honda's recall covers the 2023-24 Honda Accord and HR-V.

Auto factories worldwide are encountering relatively few problems from microchip shortages as the year comes to a close.

VW has given the supplier an order worth 450 million euros ($492 million) to develop the models. That is Magna Steyr's largest ever development deal, Austrian newspaper Kleine Zeitung reported.

The 2024 Porsche Panamera starts at $116,300 including shipping and arrives at Canadian stores in the spring.

Lana Payne, president of Unifor, takes us inside the contract talks with the Detroit Three automakers, how the deals affect the industry — from wages to the competition to pricing — and where the union goes from here.