Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more
Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicle sales by 2035, cannot be … Read more
Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a “case-by-case basis” amid headwinds in the auto market. “With a focus on preserving business fundamentals to mitigate the impact of a challenging automotive market in North America, Stellantis is working to optimize its marketing strategy as it relates to … Read more
When Evelyn Schaffer first saw her engagement ring, she was speechless. It was a 0.76-carat, oval-cut stunner — and she said no one has been able to tell that the diamonds were created in a lab. “I’ve never seen anything like it and it’s gorgeous,” Schaffer said. “The lab-grown diamonds are actually more sparkly in my … Read more
At a $3-billion toy company in downtown Toronto, kindergarteners file in with parents and siblings, clad in snowsuits and ready to offer their expertise. They pass a toy museum decked out with Paw Patrol toys, Tech Decks, Bakugan and more, and eventually arrive at a small room with a large two-way mirror. Soon, they’ll be … Read more
Automakers are set to get a jolt Tuesday when Ottawa unveils its promised electric vehicle regulations. CBC News has learned that Ottawa will release final regulations it says will ensure that all new passenger cars sold in Canada by 2035 are zero-emission vehicles, a senior government source said. The source — who was not authorized to speak publicly — … Read more
A tri-tip sandwich at Fieldbrook Market & Eatery. Michael J./Yelp A NorCal market, known for pulled pork sandwiches with a homemade barbecue sauce, bowls of rich, steamy ramen, pizza puff pastries and more, is potentially closing for good. The owners announced the “very difficult decision” on Facebook. “We have come to the very difficult decision to … Read more
Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for seven years, acting as a “liaison” for homeowners needing help with the logistics of running a listing on the accommodation site. At the peak of … Read more
