(Update: The initial story detailing new Canadian auto incentives was published on January 12. It has been updated to reflect new information.)

Canada’s new government-funded incentive program for automakers isn’t as generous as initially reported.

Last week, the federal government made changes to the Automotive Innovation Fund to allow car manufacturers, parts suppliers and R&D companies access to conditional grants that do not require repayment. Unfortunately, a communications slip-up at the country’s Ministry of Innovation, Science and Economic Development made the pile of cash a whole lot taller than intended. (Read More…)

Toyota’s big move from California to Texas may also bring a big return for Plano, Texas over the next decade, to the tune of $7.2 billion of economic activity.

(Read More…)