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On December 17, 2025, private investment firm Franchise Equity Partners acquired a minority stake in the 10-franchise SoCal Penske Dealer Group to expand its automotive portfolio.
AI chip startup Mythic Inc. raised $125 million on December 17, 2025, in a funding round led by DCVC to expand its challenge to Nvidia's dominance in the artificial intelligence hardware market.
Economic pressures are causing Canadian consumers to favor affordable used vehicles over luxury models. This trend coincides with a notable increase in the market share of used electric and hybrid vehicles, signaling a dual shift in purchasing criteria towards both cost-efficiency and alternative energy.