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Tag Archives: auto

Linamar stock rout doesn’t reflect auto-industry reality, CEO says

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The CEO of Canadian auto-parts supplier Linamar Corp. says the company’s recent stock rout — down 26 per cent so far this month — is “frustrating” and reflects a couple of key misunderstandings about the health of the auto industry. Linda Hasenfratz said she believes there are two reasons behind …

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How Local Motors hopes to disrupt the auto industry with a $53,000 3D-printed car

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DETROIT — Forget Tesla’s electric vehicles and Google’s self-driving cars — a little-known company called Local Motors Inc. wants to be the disruptor that turns the auto industry on its head. As Detroit readies for auto show, Las Vegas’ CES may have already stole the spotlight CES really stuck it …

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Canadian auto sales will be flat in 2016 as industrial strength offsets commodity weakness

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Canadian vehicle sales will be flat in 2016 as weakness in commodity-producing provinces is offset by strength in the industrial heartland, according to a new report from Scotiabank. Unless economic growth falls below last year’s one-per-cent pace, the bank expects passenger vehicle sales to remain on par with 2015 volumes, …

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Canadian auto sales jump almost 10% in January

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Canadian auto sales soared 9.6 per cent in January, with 11 different brands reporting double-digit growth. Continuing the trend of the past several months, pickup trucks and SUVs drove the sales increase, with light truck sales up 17 per cent and passenger car sales down 3.8 per cent, according to …

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