Big Picture: BASF CEO Martin Brudermuller says semiconductor shortage could have greater implications than imagined
Ludwigshafen, Germany — The impact of the global semiconductor chip shortage could be greater than expected, BASF CEO Martin Brudermuller said Wednesday, warning that shortages could also have an impact on chemicals players in the automotive aftermarket. With slower supply times from manufacturers, BASF reduced its estimate for cars produced in its second-quarter earnings call […]
Tuesday Ticker: July 27, 2021
Toronto, Ontario — This week, Stellantis teases EV plant operations on Canadian soil; Magna International makes an ADAS-aware move for its future and PPG reveals its Q2 2021 financials. Smooth-talking Stellantis Stellantis, formerly known as Fiat Chrysler Automobiles, is reportedly deciding on North American locations for two new electric vehicle battery plants, one of which […]
Tuesday Ticker: July 20, 2021
Toronto, Ontario — In this Tuesday Ticker, the Bank of Canada plans to let inflation run on past its previously planned targets, the European Union says it will wave goodbye to gas-powered vehicles in 2035 and top execs at Toyota say it’s “too soon” to be focussing only on electric cars. Get to runnin’ The […]
Fit for the Future: Policaro Group plans ‘state-of-the-art’ BMW dealership near Toronto
Etobicoke, Ontario — Policaro Group is opening a state-of-the-art BMW dealership in Etobicoke, fit with a three-bay diagnostic department and a six-bay wash and detail department. The two-storey building will be sitting on a 74,000 square-foot lot and have a 14 car showroom. It will also have the latest technology to be able to support […]
GM and Toyota Takeover: Vincentric announces 2021 Best Fleet Value in Canada Awards, Toyota and GM clean-up
Toronto, Ontario — The 10th annual Vincentric Best Fleet Value in Canada Awards were announced today, with Toyota and General Motors winning five awards each. Toyota earned accolades across the Passenger Car, SUV & Crossover, and Van categories, while GM showed strength in the Truck category. The fleet groups from Ford, Stellantis, and Volvo were […]
Eyes on the Aftermarket: 2021 SEMA Market Report available now
Las Vegas, Nevada — The 2021 SEMA market report has been published and is now available to download. As the aftermarket business as well as the economy begin to recover from the COVID-19 pandemic, it is hoped that this report helps businesses to stay informed about trends that may have changed and where opportunities can […]
Mustang Makeover: Ford Mach-E to incorporate steel, aluminum, boron and more mixed materials
Detroit, Michigan – Ford has released the 2021 Mustang Mach-E, and while its body is made of mostly steel, body shops will see quite the variety of materials when it comes to the new vehicle’s closures. In fact, according to a presentation by Ford vehicle hardware modules integration chief engineer Mark Mikolaiczik, 29 percent of […]
Combustion Bust: Volkswagen will be CO2 neutral in Europe by 2050
Wolfsburg, Germany – German car makers, Volkswagen, will cease the production of combustion engines in Europe by 2035. “In Europe, we will exit the business with internal-combustion vehicles between 2033 and 2035, in the United States and China somewhat later,” Klaus Zellmer, Volkswagen board member for sales, told the Muenchner Merkur newspaper. “In South America […]
Sky High: Flying cars a reality by 2030 according to Hyundai
Seoul, South Korea – Flying cars will be seen in our cities by 2030, according to Michael Cole, chief executive for European operations at South Korean automaker Hyundai. “Urban air mobility will offer great opportunity to free up congestion in cities, to help with emissions, whether that’s intra-city mobility in the air or whether it’s […]
Speed for Feed: Iowa Speedway hosts farm equipment crash tests, urges drivers to be patient during hay season
Iowa, Nebraska – Summertime means hay season, and hay season means more and more tractors on the roads–a phenomena rural Canadians are all too familiar with. Farm equipment like tractors and combines are meant for driving, well, on farms. Their big tires and often wide axles help them drive through uneven fields and tow heavy […]
