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…
Gov't to Inject 464.5 Bln Won into Automotive Industry R&D, Infrastructure
The Ministry of Trade, Industry, and Resources will inject 464-point-five billion won, or around 317 million U.S. dollars, this year into research and development and infrastructure projects in the automotive industry. The ministry said it plans to…
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…
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. 0505 GMT – SCGJWD Logistics' earnings are likely to grow by at double-digits—12% in 2026…
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…
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
In unveiling his plan to transform the sector, Carney said Canada's auto industry needed to be ready for a future where EVs are dominant, and where US President Donald Trump's tariffs have made cross-border vehicle production unworkable. Carney's…
O'Reilly Automotive: Good For The Long Term, Performance Within Expectations (NASDAQ:ORLY)
O'Reilly Automotive remains a long-term compounder, driven by steady expansion and aggressive share repurchases, despite a premium valuation. Q4 2025 delivered 7.6% sales growth and 5.6% comparable sales growth, with continued margin expansion and…
Auto Entry-level cars rebound, boost Maruti's quarterly sales to record high
Maruti Suzuki sold more cars than ever before, earned more money, and saw many first-time buyers choosing small cars again. Maruti's net profit up 4.1% YoY to ₹3,879 crore, despite a ₹594 crore one-time labour provision. Domestic…
Receive a Daily briefing on Automotive Industry News
Get Started