Ontario budget 2023 offers small, medium suppliers tax credits

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.
 

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.

"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."

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.

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

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

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

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.