Purolator has announced plans to invest $1 billion to electrify its Canadian operations over the next seven years. The investment is the company’s single largest network investment in its 60 year history and will help […]
Rivian has announced plans to add up to $1.3 billion to its bank accounts through the sale of green convertible senior notes to institutional buyers. The capital raise comes less than one week after the […]
Stellantis announced yesterday that the company would invest $155 million in its three Kokomo, Indiana plants. The investment will see the Indiana Transmission, Kokomo Transmission and Kokomo Casting Plant develop and produce a new electric […]
Rivian has published its Q4 2022 and full year financial results on Tuesday, and the automaker is continuing to burn through cash at a rapid rate. On the positive side Rivian is setting its expectations […]
The Canada Pension Plan (CPP) is betting big on Tesla (TSLA), with the pension fund purchasing nearly 600,000 shares in Q4 2022, ending the year with nearly 1,000,000 shares in the electric automaker. According to […]
Electric vehicle (EV) drivers in British Columbia are soon going to have access to 2,416 new EV chargers through an $18.5 million investment by Natural Resources Canada. The investment, funded through Natural Resources Canada’s Zero-Emission […]
Toyota will reportedly begin production of an electric SUV in the US by mid-decade in an attempt to make up lost ground in transition to electric vehicles (EVs). Toyota has been slow to embrace the […]
When Tesla decided to cut prices on its cars in January, it was expected to trigger similar action in the rest of the industry. Some automakers followed suit, while others said they had no plans to […]
Magna International has announced the company is investing $470 million into Ontario-based facilities. The auto parts manufacturer will grow its locations in Guelph, Belleville, Newmarket, Windsor and Penetanguishene. The company is also building a new […]
According to the European Automobile Manufacturer’s Association (ACEA), electric vehicle (EV) sales in Europe grew 29 per cent in year over year in 2022. The data showed nearly 1.6 million units sold over the year, […]
