Day: November 22, 2022

New York’s Vision Automotive Group sold 10 dealerships to Atlantic Coast Automotive Inc., according to the Rochester Business Journal and a person briefed on the transaction. Atlantic Coast Automotive, of Miami Lakes, Fla., bought three Hyundai stores, three Nissan stores, two Kia dealerships, a Chrysler-Dodge-Jeep-Ram store and a Buick-GMC store. The dealerships are in Rochester, …

Vision Automotive sells 10 dealerships to Atlantic Coast Automotive Read More »

Caravano would not reveal how many Canadian pre-orders the company has, estimating about 114,000 for the United States and Canada combined. Although the open house was Rivian’s first public event here, the company has had a substantial presence in Canada since 2019. Rivian has more than 160 employees in Canada, said communications manager Miranda Jimenez, …

Rivian deliveries begin in Canada Read More »

Tech startups in the automotive industry and mobility space are phenomenal at innovating but terrible at scaling up their operations, Quin Garcia, co-founder and managing director of Silicon Valley venture capital firm Autotech Ventures, said Friday at the Automotive News Congress in Los Angeles. During a wide-ranging discussion about venture capital-backed startups partnering with established …

Venture capitalists on auto, mobility tech startups Read More »

Seeking help from friends is one way Mazda, with its limited scale, can spread development and manufacturing costs. Among the partnerships announced in the mid-term plan is the team-up with Rohm, which will develop silicon-carbide power semiconductors for electrified cars. Another is a new joint venture called MHHO Electric Drive Co. to develop electric drive …

Mazda will invest US$11B into electrification in catch-up plan Read More »

Seeking help from friends is one way Mazda, with its limited scale, can spread development and manufacturing costs. Among the partnerships announced in the mid-term plan is the team-up with Rohm, which will develop silicon-carbide power semiconductors for electrified cars. Another is a new joint venture called MHHO Electric Drive Co. to develop electric drive …

Mazda will invest $11B into electrification in catch-up plan Read More »

Seeking help from friends is one way Mazda, with its limited scale, can spread development and manufacturing costs. Among the partnerships announced in the mid-term plan is the team-up with Rohm, which will develop silicon-carbide power semiconductors for electrified cars. Another is a new joint venture called MHHO Electric Drive Co. to develop electric drive …

Mazda to plow $11B into electrification catch-up plan Read More »

“While Canada continues to welcome foreign direct investment, we will act decisively when investments threaten our national security and our critical-minerals supply chains, both at home and abroad,” he said in a release. The comment was in stark contrast to government inaction in late 2021 when Zijin Mining Group Co., a China-based miner with state-owned …

Upon reflection, a new foreign policy emerges: Mines are ours Read More »

“The early adopters [of EVs] knew more than us,” Jobson said. The dealership had to learn how to move quickly to service the EVs. “They’re on the road,” Jobson said. “We have to support them now.” It also had to step up training for its staff. Technicians were encouraged to take EV certification courses as …

EV sales hunch pays off for dealership group Read More »