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Retail

Ford Mustang Mach-E prices slashed by as much as $8,500 in Canada

The automaker said in a statement its parent company, Ford Motor Co., is “significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times.”
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Electric Vehicles
Suzuki taps two-speed transmission by Canada's Inmotive to power EVs
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Electric Vehicles
Canadian ZEV registrations jump to another record high in Q3
Jan 27 Newscast
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Weekly Newscast
The Big Story: ZEV registrations hit new high; a roomier Ram EV; Unifor's big win
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Automakers
Toyota keeps title as world's top-selling automaker; finishes 3rd in Canada
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Retail
What rising interest rates mean for Canadian sales and dealers
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Manufacturing
Quebec appears out of running for Volkswagen battery cell plant
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Recalls
Ford recalls more than 39,000 crossovers in Canada for faulty rearview cameras
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Executives
Toyota taps Lexus head Koji Sato as new CEO; Akio Toyoda becomes chairman
Lana Payne Wins Unifor Presidency
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Labour
'Basic economic issues,' pensions key as Unifor preps for talks with Detroit 3
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Automakers
Hyundai unveils $11.3B spending plan amid EV push
AUTOMOTIVE NEWS CANADA PODCASTS
ANC Podcast: Jan. 20, 2023 | Toyota Canada’s Cyril Dimitris on Corolla’s big win, the Crown and EVs
Canada Conversations


 
Toyota Canada’s Vice-president of Sales and Marketing Cyril Dimitris talks about what it means to have the Corolla be Canada’s top-selling car, why the automaker believes in sedans, the new flagship Crown and EV readiness.

 
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BEST PRACTICES
To stay in the city, dealership thinks smaller and taller
Best Practices

As urban stores vanish, one owned by the Jim Pattison Group in downtown Vancouver uses a tight footprint to maintain a toehold.

 
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Hyundai Canada CEO Don Romano
Canada Conversations
ANC Podcast: Jan. 27, 2023 | Hyundai Canada’s Don Romano on brand success and targeting Tesla

Hyundai Canada CEO Don Romano explains how the brand rose to become the No. 2 import in Canada. He also says Hyundai will not only compete with but beat Tesla in the EV game. And, he talks about how the brand will handle interest rate hikes and the risk of a recession.

Retail
Ritchie Bros. revised deal to buy IAA met with more investor criticism

Investment firm Luxor Capital Group LP remains opposed to Ritchie Bros. Auctioneers Inc.'s deal to buy IAA Inc. despite changes to the agreement.

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Manufacturing
A German Ford plant attracts Magna, Nedcar as potential new owners

Magna International and VDL Nedcar have joined BYD as possible bidders for the Saarlouis plant in Germany, which will have no new model when Ford ends production of its Focus compact car there in 2025.

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Electric Vehicles
Proposed bill would immediately cut off U.S. credits for EVs that don't meet battery rules

Under the bill — an amendment of the Inflation Reduction Act — no credit would be available to any new EV that does not meet the critical mineral and battery sourcing requirements, effective retroactively as of Jan. 1.

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Recalls
Stellantis recalls 76,000 plug-in hybrid minivans over engine issue

Stellantis said it was aware of six customer assistance records, 242 warranty claims and 59 field reports potentially related to the problem.

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Suppliers
Magna International says margins for 2022 will be lower than expected

Canadian automotive parts company Magna International Inc. says its margins for 2022 are expected to come in lower than it forecast.

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Automakers
Honda to create division to speed up EV development

Honda's new unit will consolidate the automaker's electrification strategy and vehicle development as it aims to catch up with Tesla and China's BYD in the EV race.

2024 Hyundai Kona
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Cars & Concepts
CARS & CONCEPTS: New or refreshed offerings from Hyundai, VW, Fiat, Ram, Toyota

Cars & Concepts is a showcases of new or refreshed vehicles recently on sale in or destine for the Canadian market. here are offerings from Hyundai, VW, Fiat, Ram and Toyota

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Retail
Ritchie Bros. Auctioneers tweaks offer for IAA to up cash component, but trim overall value

Ritchie Bros. Auctioneers Inc. is changing the terms of its proposal to buy IAA Inc. to increase the proportion of cash offered but trim the overall value of the bid.

Left to right: Farid Ahmad, Peter Heasty, Landon Robertson
Sponsored Content From DSMA, Baker Tilly, Templeton Marsh
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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Seizing opportunities for process automation in dealerships

Opportunities for robotic process automation are abundant in the dealerships industry, and can be a valuable tool to boost efficiency and productivity.

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