Skip to content

Automotive

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,692.92, up 236.21 points.) UEX Corp. (TSX:UEX). Materials. Up six cents, or 14.46 per cent, to 47.5 cents on 18.1 million shares.
Read more >
Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.
Read more >
Congress OKs bill to aid computer chip firms, counter China

Congress OKs bill to aid computer chip firms, counter China

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely
Read more >
Senate deal should make it easier to buy electric vehicles

Senate deal should make it easier to buy electric vehicles

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.
Read more >
From Buy American to 'North American': Manchin-Schumer deal amends EV tax credits

From Buy American to 'North American': Manchin-Schumer deal amends EV tax credits

WASHINGTON — No one, it seems, saw it coming — not even the federal government in Ottawa.
Read more >

ServiceOntario employees charged in relation to theft of hundreds of vehicles: OPP

Police say they've charged 28 people in Ontario and Saskatchewan, including several ServiceOntario employees, following an investigation into the fraudulent modification and sale of hundreds of stolen vehicles.
Read more >
Help wanted: After pandemic pivots, where have Canadian workers gone?

Help wanted: After pandemic pivots, where have Canadian workers gone?

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.
Read more >
Rejected by courts, retirees take last shot to save pensions

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp.
Read more >
Stellantis earnings rise as electric vehicle sales expand

Stellantis earnings rise as electric vehicle sales expand

AMSTERDAM (AP) — Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric vehicles.
Read more >

AP News in Brief at 6:04 a.m. EDT

Hidden Menace: Massive methane leaks speed up climate change LENORAH, Texas (AP) — To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas oper
Read more >