Automotive News

Why car dealerships should consider diverse business partners

July 11, 2023

Curious to learn more? Here are five ways choosing diverse partners can benefit dealership leaders. 1. It gets you access to the best of the best. The best talents come from all backgrounds. Working with a partner that has built a diverse team means you’re working with a group of professionals who have been carefully assembled — each person, no matter who they are, was hired because they were the right person for the job. And in the fast-paced automotive world, that’s a powerful edge over the competition. 2. It supports balanced decision-making. Every decision we make, to some degree…

Automotive News

Stellantis EV battery plant construction resumes after financial deal with government

July 10, 2023

Wednesday’s deal essentially “mirrors” the benefits Stellantis and LG would have received under the IRA if their battery plant had been set up in the US, said Ontario Economic Development Minister Vic Fedeli. “We’ve heard that Stellantis expects, if they were in the United States, over the course of time, they would receive $15 billion in tax breaks, so that would be expected in Canada,” Fedeli said in an interview. ‘GOOD DEALS FOR THE WORKERS’ He said the timeframe for that figure is roughly over 10 years, and it will depend on the start date and the level of production…

Automotive News

Rivian’s stock rallies to highest in 2023 after posting strong deliveries

July 9, 2023

NEW YORK, July 7 (Reuters) – Shares of Rivian Automotive (RIVN.O) surged more than 18% on Friday as it continued to rally after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries early this week. Rivian said on Monday it delivered 12,640 vehicles in the second quarter on steady demand from customers, beating market estimates. That result was in line with that of market leader Tesla Inc (TSLA.O), which on Sunday reported a record quarterly vehicle deliveries fueled by incentives such as price cuts and US federal credits. The shares of several EV makers have risen since last week on…

Automotive News

Magna, Linamar, Martinrea on 2023 Automotive News Top 100 Global Suppliers List

July 7, 2023

Just three Canada-based auto parts makers find themselves in 2023 Automotive News Top 100 Global Suppliers List. That’s two fewer than a year ago. The list, released Monday by sibling publication Automotive News in Detroit, tracks sales to automakers from the previous year. Magna International Inc., Linamar Corp. and Martinrea International Inc., landed on the list. Magna, based in Aurora, Ont., remained fourth on the list. It’s the only Canadian company in the top five. Magna had sales of $37.8 billion (all figures in USD) to automakers worldwide, up 4.4 per cent over the previous year. The company was also…

Automotive News

Should You Repair or Replace Your Damaged Auto Glass?

July 6, 2023

If you’re a Tampa, FL, vehicle owner who has recently had their auto glass damaged, you’re probably wondering if the damage is repairable. In the sections below, you’ll learn more about the factors affecting auto glass repair and replacement. Repairing Your Damaged Auto Glass Repairs are preferable over replacement because it’s cheaper and, in some cases, auto insurers will cover the repair costs completely. For windshield repair or other types of auto glass to be repairable, it must meet the following criteria: The crack or chip only damaged the outer layer of glass The bullseye is no bigger than one…

Automotive News

Volkswagen is in talks with Tesla to adopt its charging standard

July 6, 2023

Electrify America, Volkswagen’s EV charging network unit, has more than 850 charging stations with about 4,000 chargers in the US and Canada. During the NACS transition, Electrify America will continue to offer the widely used CCS connector. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its US charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks. The EV maker’s Superchargers account for about 60 percent of the total number of fast chargers in the United States, according to the US Department of Energy. The companies’ decisions for NACS…

Automotive News

The automaker group calls the EPA proposal a ‘de facto’ EV mandate

July 5, 2023

If finalized, the proposed standards could mean EVs would make up more than half of new-vehicle sales by the 2030 model year and two-thirds by 2032. It would mark a massive leap from the current market, with EVs accounting for 7 percent of US light-vehicle registrations in the first quarter of this year, according to Automotive News data. The EPA in a statement to Automotive News said it “plans to post a response to comments in the docket for all comments, consistent with … requirements under the Administrative Procedure Act and the Clean Air Act.” The public comment period for…

Automotive News

Mercedes’ Drive Pilot automated system poses legal questions

July 4, 2023

Not everyone is so sure that laws must be rewritten or that motorists are at risk. Motor vehicle laws and the principles that underpin them have evolved over a century, and that evolution should continue, Smith said. “We don’t need to throw everything out and start over,” he said. Drivers who use a Level 3 system within the bounds of the manufacturers’ directions should not be held liable for system mistakes so long as they use it as directed, he said. If a vehicle with Drive Pilot engaged strikes and kills a pedestrian, the human motorist using the system as…

Automotive News

LMP Automotive sells Chevrolet and Buick-GMC car dealerships

July 3, 2023

LMP on June 13 also sold Beckley Buick-GMC Auto Mall in Beckley, W.Va., to Dutch Miller Auto Group, according to Chris Miller, that group’s president. The store was renamed Dutch Miller’s Beckley Auto Mall, Miller said. Beckley is southeast of Charleston. “That is a market that we really do want to be in,” Miller said. “We are a West Virginia-based company. We want to continue to invest inside of West Virginia. Any opportunity that we can find inside of the state, we are very, very interested.” It marks Dutch Miller’s first acquisition since it bought a Buick-GMC store in Kansas…

Automotive News

Hyundai is undecided where it will expand EV manufacturing; Canada ‘on the list’

July 2, 2023

Romano said Hyundai has had “a lot” of such conversations with the government. And while Hyundai’s focus is on Georgia today, the US $5.5 billion plant, going up northwest of Savannah, is unlikely to produce enough vehicles to meet the government’s EV targets on its own, he added. This need for a larger North American footprint could lead Hyundai to Canada, said Sam Fiorani, vice-president of global vehicle forecasting at US-based AutoForecast Solutions. “Canada is now pushing for an EV future. It makes a lot of sense to piggyback off of the battery plants and the technology, and the good…

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