Subscription Required 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.” Subscription Required Electric Vehicles Suzuki taps two-speed transmission by Canada's Inmotive to power EVs Subscription Required Electric Vehicles Canadian ZEV registrations jump to another record high in Q3 watch video Weekly Newscast The Big Story: ZEV registrations hit new high; a roomier Ram EV; Unifor's big win Automakers Toyota keeps title as world's top-selling automaker; finishes 3rd in Canada Subscription Required Retail What rising interest rates mean for Canadian sales and dealers Subscription Required Manufacturing Quebec appears out of running for Volkswagen battery cell plant Subscription Required Recalls Ford recalls more than 39,000 crossovers in Canada for faulty rearview cameras Executives Toyota taps Lexus head Koji Sato as new CEO; Akio Toyoda becomes chairman Subscription Required Labour 'Basic economic issues,' pensions key as Unifor preps for talks with Detroit 3 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 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. All Automotive News Canada Podcasts BEST PRACTICES To stay in the city, dealership thinks smaller and taller As urban stores vanish, one owned by the Jim Pattison Group in downtown Vancouver uses a tight footprint to maintain a toehold. ALL BEST PRACTICES ARTICLES 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. Subscription Required 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. Subscription Required 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. 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. 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. 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. Subscription Required 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 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. 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. Load More Sponsored Content Sponsored update--1673881725 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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