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 […]
The Bay is the last department-store survivor of an ongoing "retail apocalypse" that swallowed Eaton's, Sears Canada and Zellers
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, […]