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, […]
Hit hard by U.S. tariffs and slow sales, Cami Assembly is cutting 450 jobs and shutting down for several months.
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 […]
Governments at all levels are being urged to buy Ingersoll-made commercial vans to support workers here as fears rise over fallout from the U.S. trade and tariff war.
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 […]
A Korean automotive giant is looking for a foothold in the Canadian auto industry and Cami Assembly in Ingersoll just might be it.
Cami-made cargo vans are filling parking lots in the U.S. and observers are wondering if sales are slow for the fully electric vehicles, or if GM is stockpiling to avoid looming tariffs on Canadian-made vehicles
Southwestern Ontario mayors are bracing for job losses due to U.S. President Donald Trump’s trade war, but remain optimistic
London Free Press
March was a busy month for sales, London- area car dealerships say, as Trump’s trade war and automotive tariffs rattle consumers.
Trump tariffs poised to hammer Canada’s auto industry could slash the London region automotive workforce by half, as the cost of exports to the U.S. will spike, industry observers say. With more than 20,000 employed in the automotive sector here, about 10,000 jobs may be lost within weeks of tariffs being imposed, they said. That […]
The bankruptcy of a Volkswagen partner in electric vehicle battery production will not threaten the automaker’s St. Thomas investment, industry experts say. The development does, however, demonstrate increasing volatility in the EV sector during this high-tariff automotive environment, and the $7-billion PowerCo EV battery plant in Southwestern Ontario may face future delays, they said. Northvolt, […]
Ontario Premier Doug Ford agreed Tuesday to suspend the province’s surcharge on electricity it exports to three states after a top American official extended an “olive branch” in the form of a meeting in Washington to talk free trade. Ford called Tuesday for cooler heads to prevail in the United States’ trade war against Canada, […]