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Hert Reputations: Hertz to pay out $168 million for false car theft accusations

Toronto, Ontario — The Hertz car rental company is being forced to pay customers approximately $168 million by the end of the year, after falsely accusing an undisclosed number of customers of stealing rented vehicles. According to a press release from the company, this settlement will resolve more than 95 percent of pending theft report […]

Supporting Survivors: SATA coupe built by childhood cancer survivors sold for $137,500

Tennessee, United States — This past weekend, the Austin Hatcher Foundation for Pediatric Cancer auctioned a custom Gen 3 Factory Five Type 65 Coupe for a remarkable $137,500. According to a press release from the Austin Hatcher Foundation, automotive therapy is one of the services provided at no cost to families facing pediatric cancer. This […]

Corporate Decision: Ford Canada withdrawing from all Canadian auto shows

Toronto, Ontario — Ford Canada will be withdrawing corporate support from all Canadian auto shows in 2023, citing a change in business strategy. “As the auto industry experiences change at a pace never seen before, Ford of Canada is transforming every part of its business,” company spokeswoman Lauren More said in an email to Automotive […]

Outsourced Care: GM dealers repaired more than 11,000 Teslas in 2021

Michigan, United States — General Motors (GM) is proud to announce that its dealerships have added a new service to their portfolio—Tesla repairs. On Nov. 17 during the Detroit automaker’s Investor Day, GM president, Mark Reuss announced to investors that Tesla repairs have become a growing segment of the business, with more than 11,000 Teslas […]

Tuesday Ticker: Tesla tops Toyota’s Q3 profits; Carvana e-commerce share price slashed

Toronto, Ontario ⁠— In this weekly financial-watch report, Tesla’s Q3 results are compared with Toyota’s and e-commerce platform Caravana sees its share price cut in half.  Tesla tops Toyota Tesla could have earned eight times as much per vehicle as Toyota in Q3, reports Asian newspaper Nikkei.  A report from Electrek claims Toyota delivered eight […]

Tuesday Ticker: AutoCanada marks ‘record-setting’ quarter; Toyota teases new Prius, despite low model sales

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada reports its Q3 financial results, adding more than $45 million in acquisitions to its portfolio. Meanwhile, Toyota teases the fifth-generation Prius amid decreasing global sales numbers, and Volkswagen crosses a finish line far earlier than planned.  ‘Another record-setting quarter’ AutoCanada reported financial results last Wednesday, marking […]

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