Canadian Auto Rebound Lags Behind US as Loonie Continues to Rise

Canadian Auto Rebound Lags Behind US as Loonie Continues to Rise
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While the United States’ auto industry continues to do a stellar job rebounding, the rise of Canada’s dollar has automakers turning their backs on the plants in Canada. Reports are coming in that investment in Canada’s auto plants may fall to just $1.2 billion this year, the lowest since the mid-1980s. It’s also 62-percent lower than… Continue Reading...

Ford Canada’s “Recycle Your Ride” Program Now Good for 2003 Model-Year and Older Vehicles

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Ford Canada’s “Recycle Your Ride” Program Now Good for 2003 Model-Year and Older Vehicles
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Ford Canada has decided to expand its “Recycle Your Ride” Incentive to include all 2003 model-year and older vehicles. Previously, the incentive had only applied to 1995 or older vehicles. The offer changes depending on the vehicle being purchased  with $1,000 CAD being offered towards a car or compact truck, $2,000 toward a full-sized sedan… Continue Reading...

Ford Canada Asks for Government “Scrappage” Plan

Ford Canada Asks for Government “Scrappage” Plan
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Ford Canada is asking the Canadian government to put in place a vehicle scrappage plan like the one currently in effect in Germany. Ford Canada CEO David Mondragon told a parliamentary committee that Ford isn’t looking for a bailout and instead suggested a plan that would include $350 million ($270 million U.S.) for a scrappage… Continue Reading...