Automotive

TORONTO — DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available vehicles.

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp.

WASHINGTON (AP) — For a year, U.S. officials have been saying that taking out a terrorist threat in Afghanistan with no American troops on the ground would be difficult but not impossible. Last weekend, the U.S.

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New cars are pricier than ever in today’s economy. Inflation, low inventory and now rising interest rates have all taken a toll on prices.

TOKYO (AP) — Nintendo’s profit in the April-June quarter rose 28% from a year earlier on healthy demand for its games, although its console sales were dented by a shortage of semiconductors.

VICTORIA — The British Columbia government says it is improving its rebate program for electric vehicles to make them more affordable and accessible.

Canada's main stock index fell slightly on the Tuesday after the August long weekend, while U.S. markets also closed in the red after an up-and-down day of trading.

NEW YORK (AP) — U.S. stocks dipped Tuesday following another day of meandering trading, as Wall Street debates whether the market’s strong recent run is the start of a turnaround or just a temporary blip. The S&P 500 fell 27.44, or 0.

MILAN (AP) — Luxury Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% increase in second-quarter earnings as sales in the Americas surged.