Skip to content

Automotive

Valvoline to sell its global products arm to Saudi's Aramco

Valvoline to sell its global products arm to Saudi's Aramco

DUBAI, United Arab Emirates (AP) — Saudi Aramco announced a $2.65 billion agreement on Monday to acquire Valvoline's global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products.
Ride-sharing apps rise in Venezuela as public transit decays

Ride-sharing apps rise in Venezuela as public transit decays

CARACAS, Venezuela (AP) — Ride-sharing apps like Uber, DiDi and Lyft may have driven across much of the globe, but they haven't yet rolled into Venezuela, where U.S. sanctions and years of hyperinflation and other woes made it difficult to operate.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,692.92, up 236.21 points.) UEX Corp. (TSX:UEX). Materials. Up six cents, or 14.46 per cent, to 47.5 cents on 18.1 million shares.
Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.
Congress OKs bill to aid computer chip firms, counter China

Congress OKs bill to aid computer chip firms, counter China

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely
Senate deal should make it easier to buy electric vehicles

Senate deal should make it easier to buy electric vehicles

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.
From Buy American to 'North American': Manchin-Schumer deal amends EV tax credits

From Buy American to 'North American': Manchin-Schumer deal amends EV tax credits

WASHINGTON — No one, it seems, saw it coming — not even the federal government in Ottawa.

ServiceOntario employees charged in relation to theft of hundreds of vehicles: OPP

Police say they've charged 28 people in Ontario and Saskatchewan, including several ServiceOntario employees, following an investigation into the fraudulent modification and sale of hundreds of stolen vehicles.
Help wanted: After pandemic pivots, where have Canadian workers gone?

Help wanted: After pandemic pivots, where have Canadian workers gone?

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.
Rejected by courts, retirees take last shot to save pensions

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp.