News Archive: Automotive Sector

China to Surpass European Vehicle Output in 2011, Canada to Lead Increase in North America: Scotia Economics

Rising Consumer Confidence Stokes Auto Sales in Canada – Alberta, Saskatchewan and Newfoundland Will Lead Way, Scotia Economics

Sales in Manitoba are expected to advance to 46,000 units in 2011, matching the 2008 annual peak, and up from 44,000 last year. The province has the most stable auto market in Canada, with volumes posting an annual peak-to-trough decline of only seven per cent during the latest downturn – significantly outperforming the 12 per cent drop in the rest of Canada. The stability in the auto market reflects Manitoba’s diversified economy, which enabled the province to avoid a contraction during the latest global economic downturn. [Click on Pic to learn more]

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China to Surpass European Vehicle Output in 2011, Canada to Lead Increase in North America: Scotia Economics

Canadian Auto Industry Rebounds, But Lacks Export Strategy, According to Scotia Economics

“Vehicle exports remain almost exclusively destined to a U.S. market that has limited upside potential in a period of protracted household and fiscal consolidation, limiting Canada’s growth opportunitiess,” said Carlos Gomes, Senior Economist, Scotia Economics. In fact, Canada is the only major auto manufacturing nation that relies almost exclusively on one export market, and is not diversified and well positioned to benefit from rapid sales gains in emerging markets.” [Click on Pic to learn more]

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China to Surpass European Vehicle Output in 2011, Canada to Lead Increase in North America: Scotia Economics

Canadian Auto Market Moves Upscale, According to Scotia Economics

“Contrary to expectations, enhanced incentives have led to higher, not lower, average vehicle transactions prices, as Canadians take advantage of enhanced incentives to buy larger and more expensive models,” said Carlos Gomes, Senior Economist, Scotia Economics. [Click on Pic to learn more]

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China to Surpass European Vehicle Output in 2011, Canada to Lead Increase in North America: Scotia Economics

IBM and McMaster University Collaborate on “Smarter Transportation” Research

McMaster and IBM (NYSE: IBM) have launched a research project to investigate how the automotive industry can connect a vehicle’s multiple microprocessors, which currently work in isolation, to create a “cognitive car” that can predict vehicle failures before they happen, redirect drivers to less congested routes and help reduce traffic accidents. [Click on Pic to learn more]

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