With supply rising and prices dropping, is it time to buy a new car?

With supply rising and prices dropping, is it time to buy a new car?

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more

Here’s How Electric Trucks Are Gearing Up To Transform The Transport Sector?

Here’s How Electric Trucks Are Gearing Up To Transform The Transport Sector?

The global automotive industry is undergoing a seismic shift towards electric vehicles (EVs) driven by the urgent need to reduce carbon emissions and the rapid advancements in technology. While electric cars and bikes have garnered significant attention, the electrification of heavy-duty trucks represents the next crucial frontier, especially for a country like India. The transport … Read more

Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

Shell Canada has announced it will forge ahead with a pair of carbon capture projects in Alberta, after recent setbacks for other proposed projects in the sector have cast doubt on the technology. The Calgary-based operator said Wednesday it has made a final investment decision for its Polaris carbon capture project at its Scotford refinery … Read more

discounts: As buyers diss cars, auto companies count on offers

discounts: As buyers diss cars, auto companies count on offers

Carmakers and dealers are offering incentives by way of discounts, exchange bonuses, assured gifts to the tune of 5-11% – the highest in five years – in a bid to tempt buyers amid mounting inventory as sales slow, following a record FY24. The offers aren’t just on older models launched two to three years ago … Read more

500 MSMEs apply for sops under two key schemes for green investments and circular economy in first three months of their launch

500 MSMEs apply for sops under two key schemes for green investments and circular economy in first three months of their launch

New Delhi: At least 500 micro and small enterprises (MSE) have applied for incentives under two key schemes for green investments and circular economy in the first three months of the their launch as they prepare for global climate regulations and consumers’ preference for eco-friendly products, officials said. The Green Investment and Financing for Transformation … Read more

Federal, provincial politicians leave door open to foreign workers’ involvement in Honda deal

Federal, provincial politicians leave door open to foreign workers’ involvement in Honda deal

Parties to the massive Honda EV investment deal reached this week have tacitly acknowledged that foreign workers will be involved in setting up the proposed auto plants, while attempting to downplay an issue already seized upon by the federal Conservatives. In response to questions throughout the week, federal officials, their provincial counterparts and executives for the … Read more

Feds give financial boost to biofuel sector amid growing U.S. competition

Feds give financial boost to biofuel sector amid growing U.S. competition

Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward … Read more

Honda to invest $15B to build 4 new EV plants in Ontario

Honda to invest B to build 4 new EV plants in Ontario

Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada’s largest oilsands companies is optimistic about having a “line of sight” in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. The Pathways Alliance is not expecting any new commitments in the upcoming federal … Read more