Recall issued for 38,000 GM vehicles in Canada over software safety glitch
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Lucid will provide electric motors under the arrangement and battery systems for Aston Martin’s future electric vehicles.
Aston Martin announced last year that it plans to produce its first fully electric model by 2025. Saudi Arabia’s Public Investment Fund is the largest shareholder in Lucid and the second-largest in Aston Martin, after billionaire chairman Lawrence Stroll. Chinese automotive conglomerate Geely, which owns Volvo and Lotus, among other brands, doubled its stake in Aston Martin last month to about 17 per cent. And Lucid will take a 3.7 per cent stake in Aston Martin as part of the newly announced arrangement.
Lucid said it was selected by Aston Martin “through a competitive process” in its Monday announcement of the deal. In total, the contracts with Aston Martin are worth more than US$450 million, according to Lucid. Aston Martin plans to develop its own electric vehicle engineering using Lucid’s components.
The British automaker already has arrangements with Mercedes-Benz for various components used in its gasoline-powered and electric vehicles.
As a relatively independent auto brand, Aston Martin is a rarity in the automotive industry. Most of its competitors are part of global auto giants such as Volkswagen Group, which owns Bentley; and BMW, which owns Rolls-Royce. Those brands can rely on the purchasing power and technology of their parent companies. Aston Martin’s deals with other automakers can help it gain some of the benefits of the sort of technology-sharing its competitors have.
The Lucid Air electric luxury car, which has a starting price of around US$90,000, has won various awards, including the MotorTrend Car of the Year in 2021. The company has struggled to sell the cars, though, with executives blaming “macroeconomic conditions.” The company posted third quarter earnings far below industry estimates while cutting its production forecasts.
Aston Martin, despite losing money as it invests in the development of future models, has boasted of strong sales, particularly of its DBX SUV model. Aston Martin has said it plans to invest over £2 billion, equivalent to about US$2.5 billion, over the next five years as it transitions to offering electric and plug-in hybrid models.
Shares of Aston Martin rose about 11 per cent by midday Monday on news of the deal. Lucid’s stock also rose about 7 per cent.
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
Israel killed a top Hezbollah commander and other senior figures in the Lebanese movement in an airstrike on Beirut on Friday, vowing to press on with a new military campaign until it is able to secure the area around the Lebanese border.
An 11-year-old boy died Monday after subway surfing in New York City. He's the fourth person to die from subway surfing in the city this year.
Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.
An Ontario man says he’s still waiting for a vehicle he purchased on Kijiji to be delivered to his home. But after more than a month, he says he’s losing hope that the car will arrive and believes that he is a victim of a scam.
The search for a missing six-year-old boy in Shamattawa is continuing Friday as RCMP hope recent tips can help lead to a happy conclusion.
A 15-year-old boy who was the subject of an emergency alert in New Brunswick has been arrested.
An Ontario man says it is 'unfair' to pay a $1,500 insurance surcharge because his four-year-old SUV is at a higher risk of being stolen.
Israel’s military has struck the southern suburbs of Beirut, Lebanon’s capital, in a dramatic escalation in a year-long period of conflict between Israel and Hezbollah.
They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.
A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.
Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.
The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.
It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.
A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.
David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.
Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.