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Automotive

Magna International says margins for 2022 will be lower than expected

Magna International says margins for 2022 will be lower than expected

TORONTO — Magna International Inc. says its margins for 2022 are expected to come in lower than it forecast. The auto parts company says its adjusted earnings before interest and taxes (EBIT) margin is expected to be about 4.3 per cent for 2022.

Element Fleet Management names CIBC exec Laura Dottori-Attanasio as next CEO

TORONTO — Element Fleet Management Corp. says president and chief executive Jay Forbes will retire this year and will be replaced by CIBC executive Laura Dottori-Attanasio.
China's Huawei looks to ports, factories to rebuild sales

China's Huawei looks to ports, factories to rebuild sales

TIANJIN, China (AP) — As technicians in a distant control room watch on display screens, an automated crane at one of China’s busiest ports moves cargo containers from a Korean freighter to self-driving trucks in a scene tech giant Huawei sees as its

US alert as Cancun taxi drivers block road, harass Uber cars

MEXICO CITY (AP) — The U.S. State Department issued a travel advisory for Mexico’s resort-studded Caribbean coast Monday after medallion taxi drivers started harassing and attacking drivers from the ride-hailing app Uber and their clients.
Algeria, Italy look to broaden ties beyond coveted energy

Algeria, Italy look to broaden ties beyond coveted energy

ALGIERS, Algeria (AP) — Italy and Algeria moved to broaden ties through a series of memorandums signed Monday during a two-day visit by Italian Premier Giorgia Meloni, who said the two countries are in the process of building “an extraordinary bridge
US ends probe into Ford SUV exhaust issues without a recall

US ends probe into Ford SUV exhaust issues without a recall

DETROIT (AP) — The U.S.
Biden’s next climate hurdle: Enticing Americans to buy green

Biden’s next climate hurdle: Enticing Americans to buy green

WASHINGTON (AP) — President Joe Biden persuaded Democrats in Congress to provide hundreds of billions of dollars to fight climate change.
Exco Technologies hit by cybersecurity incident at three factories

Exco Technologies hit by cybersecurity incident at three factories

TORONTO — Exco Technologies Ltd. says three of its factories have been hit by what it is calling a cybersecurity incident.
UFCW sa¹ú¼Ê´«Ã½ provided services to almost 800 Uber workers last year: Uber

UFCW sa¹ú¼Ê´«Ã½ provided services to almost 800 Uber workers last year: Uber

TORONTO — Uber sa¹ú¼Ê´«Ã½ says the United Food and Commercial Workers sa¹ú¼Ê´«Ã½ (UFCW sa¹ú¼Ê´«Ã½) union provided services to almost 800 Uber drivers and couriers dealing with disputes with the company last year.
Tech industry job cuts come rapidly and in big numbers

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been nearly 50,000 job cuts across the technology sector.