London Free Press
Volkswagen has dodged the tariff and trade dispute between Canada and the U.S. and its manufacturing plant being built in St. Thomas will proceed full speed ahead, the city’s economic development boss says. Electric-vehicle batteries made in St. Thomas will be tariff-free under recent changes to the trade policy announced by the U.S., auto industry […]
London Free Press
The cost of many new vehicles on dealership lots across Canada will soon climb. Canada’s counter-tariffs on U.S.-made vehicles will hike the price about $5,000 to $6,000 on average when they hit lots here, with amounts ranging from $2,500 to $12,000, depending on the vehicle, industry experts say. “Every automotive manufacturer is meeting with dealers, […]
London Free Press
Get ready for the sticker shock slowdown. The price of Canadian-made vehicles hitting U.S. dealer lots after tariffs are applied will rise between $2,500 and $15,000, depending on the model, says a recent report from a U.S. business consulting group. That price jump may slow sales of vehicles made here, and see automakers cut production […]
London Free Press
Tariffs landed with a thud in Ontario’s industrial heartland Thursday, shuttering one major automaker and spreading uncertainty among smaller automotive parts suppliers across the London. The U.S. held to its pledge to punish manufacturers shipping goods south of the border, charging a 25 per cent tariff on automobiles, tariffs on some automotive parts in addition […]