Excitement is running high among drivers in Canada. That’s because Porsche Cars Canada has just announced its plans for an action-packed Porsche Experience Centre in Pickering, where customers and fans can experience the Porsche brand hands-on, up-close and personal.
This brand park will be slotted into the Durham Live entertainment complex, which is coming off the drawing board for this town in the Greater Toronto area. Planned as Canada’s own scaled-down version of Las Vegas, this massive new destination will feature multi-use facilities that include:
a concert hall;
a movie studio;
a convention centre;
300 hotel rooms;
a mix of restaurants; and
some 40,000 square metres of retail space.
Opening Scheduled for 2024
Slated to open in 2024, its attractions will range from fun for kids to sophisticated adult entertainment. One of its main draws will be the Porsche Experience Centre: a self-contained brand park where guests can explore cutting-edge automotive technology and vehicle [...]
Following in the footsteps of its company-wide commitment to electric vehicles, Stellantis filed an application with the United States Patent and Trademark Office (USPTO) in late January that hints at the name of its forthcoming electric truck: Ram Revolution. Covering motor vehicles in the passenger truck segment, it offered no design hints, with no indications of fonts or logos.
Furthermore, a recent presentation spotlighting the planet-protective plans of Stellantis offered very little specific information on this environmentally-friendly truck, as a key player in its overall EV strategy. By playing its cards close to the chest, Stellantis leaves its production and marketing options wide open and fully flexible.
Global Leader Goes Green
The outcome of a 2021 merger between France’s Groupe PSA (Peugeot, Citroen etc.) and the Italian-American FCA (Fiat-Chrysler Automobiles) conglomerate, Stellantis plans to invest well over CAD 40 billion (€30 billion) in going electric by 2025. Its sales targets for low-emission vehicles [...]
When most Canadians decide to buy a car, they also start looking for the best deal in car loans. This financing usually lets them pay for their wheels over a set period of time, with monthly installments that remain unchanged for the term of the loan.
Borrowing many thousands of dollars is a heavy commitment, particularly as buying a car is the second-largest purchase that most of us make in our lifetimes. That’s why it’s important to figure out exactly how much you can afford to pay back each month, calculating exactly how much you’ll have to pay out and then making sure this fits into your budget.
How Auto Loans Work
Although the world of finance might seem complicated, financing a car is a transaction that is easy to understand, once you master the basic terminology:
term is the length of time for which you wish to borrow the money, which can [...]
There’s good news and bad news for Canadian buyers shopping around a new car. The good news is that there’s no threshold credit score for taking out a car loan. The bad news is that borrowers with low credit scores pay higher interest rates, meaning that their vehicles cost considerably more by the time they pay off the principal amount of the loan and interest.
Learn About Credit Scores
When buying a new or used car, your credit score is a major factor in these transactions. For instance, dealerships will check your credit score before financing a vehicle in your name, while financial institutions define the terms of your loan, based on your credit score.
Although a low credit score wouldn’t stop you from buying a car, you might have to pay a higher-than-average interest rate on your loan. However, once you build up your credit score by making sure every instalment [...]
The elegantly angular lines of the 2020 Elantra Limited follow in the footsteps of its hugely successful 2019 model. The marque’s top-seller that year, this compact sedan is becoming a golden goose for Hyundai.
While sticking to largely the same working formula, the main differences in the 2020 models are mechanical. Both automatic and six-speed manual transmissions are replaced by Hyundai’s innovative continuously variable transmission.
For buyers concerned with maintenance costs, an outstanding advantage of the Hyundai Elantra range is its ten-year or 100,000-mile powertrain warranty. Practical but unexciting, this could save them thousands of dollars over the course of a decade.
Far lower than Canada’s comparatively high average fuel consumption of 8.6 Leg/100 km, the SEL, Value, and Limited models post a budget-friendly 6.5 Leg/100 km. All are fitted with the same four-cylinder 2.0 L engine, rated at 132 pound-feet of torque, with a useful 147 hp.
All about affordability, the 2019 Nissan Sentra S is a smart choice for buyers seeking an economic but reliable used car for driving around town. Featuring a honeycomb grille with a metal V-frame, its design leans towards sporty and aerodynamic, enhanced by halogen headlights.
Safe and Practical
With a reliability rating of 4.0 out of 5.0, it ranks fourteenth in the compact segment. Among the more sensible compact cars, it’s straightforward to drive, with a smooth and comfortable ride, particularly in urban areas. Its user-friendly controls are intuitive, with no need to navigate hi-tech interfaces.
Overall, the 2019 Nissan Sentra S has a great safety track record. Rated as Good in almost every category for 2019, the IIHS ranked its 2018 predecessor as a Top Safety Pick. Optional safety features include adaptive cruise control and a blind-spot monitor with a rear cross-traffic alert.
Just over a year after he was elected to office, President Joe Biden welcomed his neighbours – Canada’s Justin Trudeau and Mexico’s Andres Manuel López Obrador – to the White House. The first North American Summit since 2016, this ‘Three Amigos’ get-together nevertheless got off to a rough start.
Despite the bulging grab-bag of issues facing this region, a single issue outstripped them all, in terms of discussions. Clogged supply chains, volatile energy costs, the migration crisis, and even the pandemic lagged behind a proposed $ 12,500 tax credit for electric vehicles made in the USA.
This relatively insignificant clause in the Biden Administration’s Build Back Better Act caused sparks to fly in the West Wing. Approved by the Lower House on November 30, this $ 1.5 trillion plan is seeking fast-track approval from the US Senate, before returning to the President for confirmation.
The newest contender on Canada’s burgeoning electric vehicle market, VinFast might be tiny in terms of output (30,000 units last year), but it’s a powerhouse in terms of investments and ambitions. At the moment, its output comes from its Hai Phong manufacturing complex in Vietnam. However, the word is out that a US plant could open in 2024.
Less than five years old, this auto-maker is almost unknown outside its homeland. But as a member of VinGroup – the largest conglomerate in Vietnam – it’s underwritten by lavish commitments of US$ 3.5 billion, with an output planned to top 250,000 vehicles a year.
SUV Launches in North America
Gearing up to take North America by storm from its headquarters in Los Angeles, VinFast plans to leapfrog the entire cute urban runabout market with its two debut SUVs: the full-size VF e36 and its smaller sibling, the VF e35. Signed by Pininfarina with [...]
Lifting the curtain of secrecy covering many of its activities, Tesla recently offered glimpses into its expanding presence in Canada, where this innovative automaker is building some of the “machines that build the machine”, in the words of Elon Musk, its visionary founder.
Released just in time for Thanksgiving, a video introduces its team in Ontario, where new custom manufacturing equipment is being designed and built, that will subsequently be used in its assembly plants elsewhere in the world.
Third Quarter Progress Report
As Tesla was presenting its 3Q 2021 earnings, interest focused on delivery of the first vehicles powered by 4680 cells. Chief Technology Officer Drew Baglino confidently mentioned early 2022, asserting that structural aspects, as well as battery, crash, range, and reliability testing would be completed by the end of the year.
While stressing that the main focus is on quality for producing these battery cells, he issued a [...]
A perfect storm of adverse factors is driving an upsurge in gas pump prices, which may soon see Canadian gas stations charging prices close to a twoonie. For drivers all over North America, higher pump prices are becoming a significant pain point.
However, local gas stations are only now starting to catch up with the rest of the world, where energy prices have been skyrocketing for months. At the international level, surging oil prices and the foreign exchange rate for the Canadian dollar are pumping up pressures.
Global Fuel Prices Soar
Experts believe there’s a good chance that oil will top a $ 100 a barrel in the next few months: up 20% from current levels of around $ 85. There are also forecasts that gas prices might top two dollars a litre in some areas of Canada during 2022.
Places like Labrador and Newfoundland – which already have of the highest [...]