Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Carney Increases E.V. Investments as Trump's Trade Policy Disrupts Canada's Auto Industry
Prime Minister Mark Carney of Canada announced on Thursday a sweeping plan to offer billions of dollars in incentives and tax breaks for auto industry investment designed to help turn Canada into a global leader in electric vehicles. The new…
Canada's auto industry plan signals latest pivot away from US
Prime Minister Mark Carney has unveiled a plan to bolster Canada's car industry and support its electric vehicle transition, as the sector buckles under the weight of US tariffs. The new initiatives, announced on Thursday, mark Canada's latest…
Canada's auto industry plan signals latest pivot away from US
Danielle Kaye Business reporter Prime Minister Mark Carney has unveiled a plan to bolster Canada's car industry and support its electric vehicle transition, as the sector buckles under the weight of US tariffs. The new initiatives, announced on…
Canada announces new EV strategy to transform auto industry
OTTAWA, Feb. 5 (Xinhua) -- Canadian Prime Minister Mark Carney on Thursday announced a new electric vehicle (EV) strategy to transform the country's auto industry, with consumer incentives and corporate tax cuts. Under the strategy, the Canadian…
Stellantis' $26 billion write-down adds to auto industry's EV losses
The price of misjudging the switch to electric vehicles swelled again Friday as Jeep-maker Stellantis announced 22.2 billion euros ($26.2 billion) in charges, the largest yet by any global automaker. Why it matters: The auto industry is saddled…
Auto & Transport Roundup: Market Talk
The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0920 GMT – Stellantis won't need a capital increase after booking extraordinary write-downs of…
Hyundai Venue, TVS Ntorq 150 Top ACKO Drive TOTMs 2026 Auto Awards
The fourth edition of the ACKO Drive TOTMs (The One That Matters), an annual automotive awards platform, concluded in Chennai on December 19–20, recognising vehicles, manufacturers and individuals across the Indian automobile industry. At…
Unifor wants Carney's auto-sector strategy to be backed by bold action
Prime Minister Mark Carney launched a new industrial strategy for the automotive sector on Thursday, February 5. The strategy aims to make the Canadian economy more resilient in the face of global shocks such as the tariffs imposed by the U.S.…
O'Reilly Automotive Inc. stock underperforms Thursday when compared to competitors
Shares of O'Reilly Automotive Inc. ORLY slid 4.01% to $92.86 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.23% to 6,798.40 and Dow Jones Industrial Average DJIA…
Foreign Auto Giant Makes Big Change Following Trump Tariff Onslaught
Toyota announced Friday that its chief executive officer Koji Sato is stepping down from his current role and will be succeeded by the company's chief financial officer, Kenta Kon. The world's largest automaker said in an announcement that after…
How America's EV retreat is increasing China's control of global markets
The Chinese automotive industry has become the largest exporter of vehicles globally since 2023 and has been increasingly bringing electric models around the globe. The U.S. auto industry, meanwhile, is refocusing on gas vehicles, and legacy…
What to Know About the 2026 Auto Show
Some people brighten February's winter drudgery with flowers, hearts, and chocolate, but the Windy City does it with horsepower. The 2026 Chicago Auto Show kicks off February 7 at McCormick Place, 2301 S. King Drive, and runs (as always) through…
Microchip signals 6.2% sequential sales growth for Q4 2026 as automotive and connectivity momentum builds (NASDAQ:MCHP)
Earnings Call Insights: Microchip Technology Incorporated (MCHP) Q3 2026 CEO Steve Sanghi highlighted that 'our net sales grew 4% sequentially and 15.6% over the year ago quarter,' with growth led by networking, data center, FPGA, and licensing…
Automotive group calls for new federal 'right-to-repair' legislation
OTTAWA — Canada's independent auto repair shops are calling on Ottawa to pass beefed-up right-to-repair legislation, saying that drivers are getting hosed by the anticompetitive practices of vehicle manufacturers. The Automotive Industries…
Wells Fargo Auto Loans Review 2026
Wells Fargo offers auto loans for new and used cars. You can get a Wells Fargo auto loan only at a participating dealership. The Wells Fargo mobile app lets you manage your auto loan. If you plan to buy a new or used car at a dealership, a Wells…
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