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 […]
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 […]
Federal NDP Leader Jagmeet Singh followed Liberal Leader Mark Carney on the campaign trail to London on Wednesday. And like the Liberal leader, Singh did not take any questions from reporters at an evening event at the campaign office of Dirka Prout, the party’s candidate in London Centre. But Singh did comment on the executive […]
Federal NDP Leader Jagmeet Singh followed Liberal Leader Mark Carney on the campaign trail to London on Wednesday. And like the Liberal leader, Singh did not take any questions from reporters at an evening event at the campaign office of Dirka Prout, the party’s candidate in London Centre. But Singh did comment on the executive […]
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, […]
U.S. President Donald Trump's 30-day pause on tariffs on Canada-made vehicles did little to ease concerns in the London region's auto sector
Donald Trump says he’s granted a one-month tariff exemption for any vehicles coming through the Canada-U.S.-Mexico Agreement on trade
Ontario automotive assembly plants could shut down within a week of being hit with a U.S. tariff on their vehicles, some industry observers say. Car dealers in the U.S. have seen inventory on their lots steadily growing for more than a year. There are now about three million unsold vehicles, and a 25 per-cent-price increase […]
From Windsor to Waterloo region, four area cities rank among those in Canada that would be hardest-hit by U.S. tariffs, a new report shows.
Southwestern Ontario may be Ground Zero for the impact U.S. tariffs would have on the provincial economy, national economists warned.
Despite sluggish sales and automakers scaling back production, the future of automotive remains electric, it just may take longer to get there, London manufacturers heard Thursday. Read More