Fans of the Mazda5 may not be able to buy one in the United States anymore, but Canadian buyers will continue to be able to purchase Mazda’s microvan for the foreseeable future.
Ford is deciding between Windsor, Ontario and Mexico for the production site of its new 1.5L and 1.6L four-cylinder engines. As many as 5,000 direct and indirect jobs could be created for the former hub of Ontario’s auto manufacturing sector.
July 2014’s year-over-year Canadian auto sales growth was more significant than the monthly growth rate achieved at any time in the last two years, a period which included record annual sales in 2013.
Not since May 2012, when auto sales jumped 18%, has this rate of growth during a record-setting period been anything much more than gradual. Yet with 18,000 more July sales in 2014 than in 2013 – an 11% improvement – the gradual rate of change suddenly switched to a rapid rate of expansion.
A report in Automotive News outlines how General Motors has committed to building a new Buick model at their plant in Russelsheim, Germany. According to AN, the logical choice is the next-generation Buick Regal, also known as the Opel Insignia, since this is a good fit for Buick, and it allows GM to use up some of the excess capacity that is currently plaguing their European operations. But for GM’s venerable Oshawa plant, this is not good news.
Booming utility vehicle sales have boosted Canada’s new vehicle market to unseen highs in the first half of 2014. Despite falling car sales and a slight decline in overall pickup truck volume, Canada’s auto industry is up nearly 3% through the first six months of 2014, an increase of some 25,000 units compared with the first half of 2013.
Canadian Toyota plant may be the next facilities to get a “voluntary” local, similar to what the UAW is proposing for Volkswagen’s Chattanooga factory.
Even though it’s Canada Day today, my fair nation has never managed to build its own local auto industry with any sort of distinct brand.
In May 2014, Canadian auto sales shot up to record monthly levels by soaring beyond 195,000 units, one-eighth the size of the U.S. industry last month.
These record sales levels occur as buyers transition from in large numbers from cars to crossovers, particularly smaller crossovers from volume brands. (Read More…)
Global oil prices are on the rise as the crisis in Iraq contributes to market instability. Large chunks of Iraq’s oil production infrastructure have fallen under militant control, leading to a sharp drop in output. Meanwhile, Canadian officials are upset with the Obama administration’s handling of the Keystone pipeline. They contend that the inaction on Keystone is keeping millions of barrels of Alberta crude from reaching more profitable markets.