Top 5 stories of the week: NextStar plant on time; Pacifica ban; Unifor on Oakville plan; more
Automotive News Canada
by
11h ago
Here's a quick rundown of stories that were our top five by reader interest the week of July 15 ..read more
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Umicore halts construction of $2.7B EV battery materials plant in Ontario
Automotive News Canada
by David Kennedy
16h ago
Umicore has slammed the brakes on its $2.76-billion battery materials plant in Eastern Ontario as it continues an ongoing review of its business amid “substantially” scaled-back expectations for the electric-vehicle market.  ..read more
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ANC Podcast: July 26, 2024 | David Adams on changing EV incentives, infrastructure, tariffs on China
Automotive News Canada
by
19h ago
Global Automakers of Canada CEO David Adams talks about the changing landscape when it comes to zero-emissions vehicle purchase incentives as Quebec prepares to eliminate them while Manitoba adds them. He’ll also discuss the current state of EV charging infrastructure and give his thoughts on Canada’s plan to impose tariffs on EVs imported from China ..read more
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Lucid signs EV battery materials deal with Canadian miner Graphite One
Automotive News Canada
by David Kennedy
19h ago
The non-binding deal is for 5,000 tonnes of synthetically produced graphite per year over an initial term of five years, the companies said July 25.  ..read more
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North American EV battery capacity plans grow tenfold after incentives, Energy Department says
Automotive News Canada
by John Irwin
19h ago
Planned battery cell production would power about 14 million light-duty EVs annually by 2030, according to the DOE ..read more
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Volvo softens EV-or-bust strategy as hybrids show promise
Automotive News Canada
by Urvaksh Karkaria
2d ago
Some Volvo dealers fear the consequences of sticking to the 2030 target as EV growth slows, and CEO Jim Rowan says hybrids can be a bridge for customers not ready to dump gasoline ..read more
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Stellantis to reduce output, cut prices after earnings plunge on weak N.A. results
Automotive News Canada
by from wire reports
2d ago
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits ..read more
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Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Automotive News Canada
by Michael Martinez
2d ago
Ford attributed a 6.5-per-cent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned US $2.6 billion and achieved a 15.1-per-cent margin ..read more
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Chinese EV makers push back against EU tariffs in new hearings
Automotive News Canada
by LINDA LEW
2d ago
Three Chinese automakers singled out by the EU in an anti-subsidy probe have sought and received additional hearings with bloc regulators as Beijing and Brussels negotiate ahead of a November deadline to finalize EV tariffs.   ..read more
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OPINION: CAMM’s crisis: What happens when automakers break Canada’s mold makers?
Automotive News Canada
by Grace Macaluso
2d ago
Supply chains not protected by legislation are completely vulnerable to competition from low-cost countries ..read more
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