Leasing down in Canada |  Automotive News Canada

Leasing down in Canada | Automotive News Canada

“Factory help when it comes to leasing has definitely come down,” she said. “And even when they throw something at you, it’s not enough to change the customer’s mind.” IT DEPENDS ON INTEREST RATES But while cash and financing customers might come into the dealership less often, Zanchin isn’t concerned that lower lease penetration rates…

EV, battery plants flock to the South without consumer incentives

EV, battery plants flock to the South without consumer incentives

South Carolina, which has received $10 billion in EV investment from Volkswagen, BMW, Mercedes-Benz and others, and Kentucky, which has received $10 billion in EV investments from Ford, SK On and AESC, fell below the level required to be included in the ranking. South Carolina earned 14 of the 100 points available. Kentucky earned 5.5….

Hyundai is undecided where it will expand EV manufacturing;  Canada ‘on the list’

Hyundai is undecided where it will expand EV manufacturing; Canada ‘on the list’

Romano said Hyundai has had “a lot” of such conversations with the government. And while Hyundai’s focus is on Georgia today, the US $5.5 billion plant, going up northwest of Savannah, is unlikely to produce enough vehicles to meet the government’s EV targets on its own, he added. This need for a larger North American…

Mullen Automotive stock collapse halted at alt=

Mullen Automotive stock collapse halted at $0.20, is this the bottom?

Shares: Mullen Automotive stock has lost about 80% of its value since May 4. Now the EV startup issued another 586 million shares to investors for immediate resale. Mullen will receive no remuneration for this re-sale. Mullen hopes to approve another reverse stock split at its August 3 meeting. UPDATE: Mullen stock dropped…

Stellantis stops construction of the Ontario EV battery module plant over federal funds

Stellantis stops construction of the Ontario EV battery module plant over federal funds

Stellantis and LG Energy Solution (LGES) on May 15 ceased some construction of its planned electric-vehicle battery factory in Windsor, Ont., as it continues to spar with the federal government over financial assistance. The automaker is accusing Ottawa of reneging on a previously made promise. “As of today, the Canadian Government has not delivered on…