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Automotive

N.W.T. working to encourage more residents to choose electric vehicles

N.W.T. working to encourage more residents to choose electric vehicles

YELLOWKNIFE — Electric vehicles are a rare sight in Canada's North, with challenges such as frigid winter temperatures and limited infrastructure. The Northwest Territories is hoping to change that.

FCA US put on probation, must pay $300M for emission scheme

DETROIT (AP) — FCA US, formerly known as Chrysler Group, was placed on probation for three years Monday and ordered to pay roughly $300 million for deceiving regulators about diesel emission systems on 101,000 Jeep Grand Cherokees and Ram 1500 trucks
At school shooter's trial, families recall lives lost

At school shooter's trial, families recall lives lost

FORT LAUDERDALE, Fla.
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.