The trucker convoy blockades that blocked the U.S.-Canada Ambassador Bridge border for approximately one week may have cost the automotive industry US$299.9 million between February 7-15. “Our updated estimate includes lost direct wages for Michigan, lost direct wages in Ontario, and some lost direct wages in Kentucky, Ohio, and Alabama,” reads an Anderson Economic Group report. The estimate also includes a list of losses that will be borne by workers and investors.(Source: Driving.ca) Read the original story…
Masahiro Moro will be Mazda’s next CEO
Masahiro Moro, Mazda’s director and senior managing executive officer, will be the company’s next president and CEO if shareholders and the board approve the move in June, according to CNBC. “The leadership shake-up comes as the company, which is owned …
StoreDot’s fast-charging batteries could recharge 100 miles in five minutes
Israeli startup StoreDot has begun shipping samples of its fast-charging batteries to automakers for real-world EV testing. The samples are 30-Ah lithium-ion pouch cells “in EV form factor,” StoreDot which claims can add 100 miles of range from just five …
Myers Automotive Group set to expand number of stores
Ottawa’s largest automotive group is about to get bigger. The company is closing in on a 16th dealership that will formally be announced next week. Ground-breaking on its first Subaru dealership has already begun, and is scheduled to open in …
Is a lack of charging options hurting EV uptake?
Recent studies about EV charging should give pause to owners, those considering buying an EV, and even the government and charging network providers. A study released by the Canadian government in late August found the country needs to speed up …
Rumour has it that Corvette will become its own sub-brand…with an SUV
The next move for GM, with its valued Corvette nameplate, will be to launch a Corvette sub-brand that will include a four-door “coupe” and a sporty high-performance crossover to partner with the upcoming two-seater Corvette EV. Sports cars are useful …
VW scouting for gigafactory locations in Canada
Volkswagen Group has officially set its sights on making Canada the home of its first gigafactory outside Europe, after announcing today that it has signed an agreement with the federal government to begin searching for suitable locations for a battery …