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  • Magna improves its sales and profit

    Magna improves its sales and profit

    The Canadian automotive supplier Magna International (TSX: MG) has unveiled Friday revenue and profit up sharply in the fourth quarter. Its earnings figure was U.S. $ 351 million or $ 1.49 per share, compared to U.S. $ 312 million or $ 1.32 per share a year earlier. Its revenues have improved by nearly U.S. $ 800 million to U.S. $ 8 billion. The Toronto-based company, one of the largest

  • Suzuki will terminate the auto sales in Canada

    Suzuki will terminate the auto sales in Canada

    Suzuki Canada Inc. ("SCI") today announced that it will reorganize its business activities to focus on the long-term growth of its division motorcycles, all-terrain vehicles and boating in Canada and begin a gradually reduce motor activities in Canada. Earlier this year, Suzuki Motor Corporation of Japan ("SMC") has confirmed the production and supply of auto model year 2014 SCI, and this

  • Sales of vehicles: Toyota GM dislodged in the first quarter

    Sales of vehicles: Toyota GM dislodged in the first quarter

    Toyota Motor trumps a General Motors in the first quarter in terms of vehicles sold. The Japanese automaker said Wednesday it had sold 2.41 million units during the first three months of the year, while GM sold 2.25 million. The result of GM represents a decline of 0.6 percent compared to the first quarter of 2007, while the Toyota is up 2.7 percent. In 2007, GM beat Toyota little in sales of

  • Audi announces pricing for its new Audi A5 Coupe

    Audi announces pricing for its new Audi A5 Coupe

    Audi Canada today announced the retail prices of its new A5 Coupe 2008 sets departing was $ 51,850. The Audi A5 Coupe will be available in dealer showrooms at the end of first quarter 2008. "Once again, Audi offers a large section of tourism," stated Diego Ramos, Executive Vice President of Audi Canada. A5 2008 integrated the genetic background of the Audi brand harmonious way and applies the

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