Automotive
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Canada preparing retaliation if Trump implements auto tariff
Government will continue to support workers and the industry as in the past: Bains
Ford to spend $740M on Detroit redevelopment plans
Land development arm to seek $250 million in tax incentives to help offset the cost.
Questions loom over Tesla deal after CEO reveals Saudi link
Financing for the deal far from locked up, contradicts guarantee that Musk issued in a tweet.
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Japan’s auto OEMs: Their rising influence in Canada’s industry
The Japanese brand is expanding its footprint amid changing trade conditions.
Trump threatens auto tariffs against Canada if trade talks fail
Ottawa holding its present course in response to the US president’s message.
Magna stock plunges after cautious outlook amid tariff uncertainty
Edging down estimates for sales, margins and other key metrics for 2018, even though Q2 results were strong.
Suzuki, Mazda, Yamaha admit using fake vehicle emission data
Similar mishandling found at Nissan and Subaru during final product quality checks.
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Ford celebrates production of 10M Mustangs
Bestselling sports car of the last 50 years in the US, world’s top-selling sports car for three consecutive years.
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Tesla board weighs Elon Musk buyout bid as questions swirl
CEO writing that he had secured funding to buy Tesla Inc.’s shares at $420 each.
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Ford rolls out exoskeleton wearable technology to Oakville
Employees in 15 plants globally to use the apparatus designed for performing repetitive overhead tasks.
Canada to review auto emissions as US moves to water regs down
Countries have been aligned on vehicle emissions for more than two decades.
Testing finds flaws with car electronic car safety systems
Insurance industry study finds they can fail under many circumstances.
Tesla burns $739.5M in cash on way to record Q2 loss
Musk expects the company to avoid returning to the markets for capital and to be “essentially self-funding on a go-forward basis.”
Ferrari profits rise in second quarter as sales grow
Europe and North America led with 7-per cent increases, while sales growth in greater China more than offset decrease in the rest of Asia.
Volkswagen sees profit rise but warns on trade disputes
VW CEO says “growing protectionism also poses major challenges for the globally integrated automotive industry.”
