Recent Articles

Government of Canada’s Investment Fund Infusion will better position the auto sector for innovation

Government of Canada’s Investment Fund Infusion will better position the auto sector for innovation

| January 8, 2013 | Reply

The Canadian Vehicle Manufacturers Association (CVMA) welcomes the Government of Canada’s commitment to support innovation and new investments in Canada’s auto industry. “With today’s announcement, Canada’s auto industry is better positioned to compete and win new investment which will help to drive the economy and create more opportunities for Canadians”, said Mark Nantais, president of [...]

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General Motors recalls 69,000 vehicles worldwide to fix shifters

General Motors recalls 69,000 vehicles worldwide to fix shifters

| January 7, 2013 | Reply

General Motors is recalling nearly 69,000 pickup trucks, SUVs and vans worldwide, including a number in Canada, because they can roll away unexpectedly. The recall affects certain 2013 models of the Chevrolet Silverado, Suburban, Tahoe, Avalanche and Express. Also included are the GMC Sierra, Savana and Yukon as well as the Cadillac Escalade. GM says [...]

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Avis acquires Zipcar for $500 million

Avis acquires Zipcar for $500 million

| January 4, 2013 | Reply

The 49% premium over the closing price represents a total transaction value of approximately $500 million. The purchase is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in the spring of 2013. The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders [...]

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Navistar reports $2.8 billion fourth quarter loss

Navistar reports $2.8 billion fourth quarter loss

| December 20, 2012 | Reply

Navistar International reported a worse fourth-quarter loss than expected, thanks in part to a spike in warranty costs along with the weakened truck demand affecting all truck makers. The Lisle, Ill.-based truck and engine maker reported a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share, compared to fourth quarter 2011 [...]

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Shell brings popular loyalty program to Canada

Shell brings popular loyalty program to Canada

| December 12, 2012 | Reply

Shell Lubricants has announced its My Miles Matter rewards program is now available in Canada. The program provides rewards to Shell Rotella customers. Members earn reward miles by purchasing select Rotella products and services. Those miles can then be redeemed for a variety of items. Canadian members will have access to exclusive online content, special [...]

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Ford chooses Sask. for luxury truck unveiling

Ford chooses Sask. for luxury truck unveiling

| November 30, 2012 | Reply

The Ford Super Duty Platinum is the fanciest and most expensive Ford Super Duty truck ever ($65,459 to $86,550) – and it made its Canadian debut right here in Saskatchewan, last week at Agribition in Regina. “The truck we had at Agribition is the first time we’ve displayed the vehicle in Canada. We’ve had a [...]

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Toyota recalling 9,000 Tacoma pickups in Canada with tires problems

Toyota recalling 9,000 Tacoma pickups in Canada with tires problems

| November 23, 2012 | Reply

Toyota is recalling about 9,000 Tacoma midsize pickups in Canada because the spare tires can fall from beneath the trucks. The move is part of a wider recall including some 150,000 trucks in the U.S. The recalled trucks from the 2001 to 2004 model years were sold or registered in Canada and 20 cold-weather states [...]

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Schneider Nacional Launches Used Fleet Truck Sales

Schneider Nacional Launches Used Fleet Truck Sales

| November 22, 2012 | Reply

Schneider National recently expanded its tractor purchase offerings for owner-operators, fleets and wholesalers. In addition to its Schneider Finance division, which provides options to current and prospective Schneider National owner-operators on new and used trucks, Schneider also now offers used fleet trucks. Owner-operators and fleets who purchase used fleet trucks are not required to lease [...]

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Sandy to boost Canadian fuel prices

Sandy to boost Canadian fuel prices

| November 19, 2012 | Reply

The National Energy Board warns Canadians will pay more to fill up their cars and heat their homes this winter, in part because of superstorm Sandy. The federal energy industry regulator, is its latest Winter Energy Outlook, predicts the national average retail price for unleaded gasoline will average between $1.20 and $1.40 per litre this [...]

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10.4 million trucks entered U.S. last year from Canada

10.4 million trucks entered U.S. last year from Canada

| November 15, 2012 | Reply

In 2011, 10.4 million trucks entered the United States from Canada and Mexico, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. BTS, a part of the Research and Innovative Technology Administration, released the data as part of the eighth annual update of the North American Transportation Statistics online database. The NATS online [...]

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