Vince Parry

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Car Building in Ontario Could Die, They Probably Can't Save It

Ontario’s debt is swelling and as home to eight manufacturing plants — the largest complex in North America — automakers may have a tough time …

What the average age of cars says about the US auto industry

DETROIT — In the age of Apple’s CarPlay, a lot of cars on the road still have tape decks.<p>The average vehicle in the U.S. is now a record 11.5 years …

Business News, Personal Finance and Money News

World stocks mostly lower as investors evaluate latest earnings and economic reports<p>Sony Corp. is naming Chief Financial Officer Kenichiro Yoshida as …

Personal Finance

Ford profit crushes expectations

Ford maintained its full-year 2015 forecast of an operating profit of between $8.5 billion to $9.5 billion.<p>Ford made a net profit of $1.89 billion, or $0.47 per share. There were no one-time items and the 47 cents per share beat analyst expectations of 37 cents per share, according to Thomson …

Markets

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Why Apple and Google Are the Biggest Story in the Auto Industry Right Now

NEW YORK (TheStreet) -- The last two months have seen an unprecedented cavalcade of automakers hosting events in Silicon Valley, where they all did …

Canadian, World, Politics and Business News & Analysis

FOREIGN TAKEOVER Aecon rivals urge Ottawa to block Chinese takeover Subscriber content<p>TAX REFORM U.S. corporate tax cuts blunt Canada’s competitive edge amid trade worries Subscriber content<p>Sears paid $53-million to lawyers, advisers during insolvency process Subscriber content<p>STREETWISE Manulife’s …

Blackstone sells stake in Indian auto parts maker to consortium

The other buyers are Indian investment bank MAPE Securities and two funds run by financial firm Tata Capital, according to a statement from Tata Capital.<p>(Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu)

Blackstone Group

Apple brings innovation and competition to auto industry, Ford says

We still don’t even know if Apple is really building an car (even though there are a lot of signs that it is), but whatever the iPhone-maker’s next play in the auto-market is, the company’s about to generate a lot of innovation and competition in the market, says Ford CEO Mark Fields.<p>During Fords …

Apple Watch

BMW preparing quad-turbo diesel for 2016 - report

<b>BMW</b> is reportedly preparing a <b>quad-turbocharged diesel engine</b>, which will initially do service in the brand’s large sedan and SUV range.<p>According to …

Apple Is Really Into Automobile Industry With BMW Rumors And More

Analysts say Apple is clearly increasingly interested in competing inside the automobile industry. Several evidences are pointing to its impending …

Uber’s race to the bottom: The wheels will come off this controversial business

Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive …

Will Autonomous Cars Be the Insurance Industry's Napster Moment?

<i>Most of us are looking forward to the advent of autonomous vehicles. Not only will they free up a lot of time previously spent staring at the bumper</i> …

Even The Oil Industry Asks: Does Tesla Mean The End Of Hydrocarbon Fuels?

As reported by Green Car Reports: It's not just the cars made by electric-car startup Tesla Motors, or the fact that it's the first new automaker in …

2016 Mitsubishi Montero Sport makes global debut - Auto Industry News

Brent Co / Brent Co | August 01, 2015 11:43<p>3rd generation Mitsubishi Montero Sport officially debuts in Thailand<p>The much-teased and "spied" 2016 …