Automotive seating maker Adient PLC is acquiring competitor Futuris Group for US$360 million. Futuris, owned by affiliates of Clearlake Capital Group, is a global designer and manufacturer of fully integrated automotive seating and interior systems. Headquartered in Oak Park, Mich.,…
“The year over year growth was achieved despite North American and European light vehicle production declining by 3% and 1%, respectively, both compared to the second quarter of 2016,” Aurora, Ont.-based Magna said in an Aug. 11 statement.
Results of the new 17th annual North American Automotive OEM-Supplier Working Relations Index study revealed that GM now ranks ahead of Fiat-Chrysler US, Ford and Nissan, which is now in last place.
The plant, which is scheduled to open in 2021, will employ up to 4,000 workers and have an annual production capacity of about 300,000 vehicles. It will build Toyota Corollas and new Mazda cross-over models for the North American market.
Production will start later this year at Magna’s contract vehicle manufacturing facility in Graz, Austria.
Schwertberg, Austria-based Engel said it has added the extra space at its Center for Lightweight Composite Technologies, which works to speed up introduction of new technologies on the market.
In the United States, meanwhile, most automakers reported better-than-expected sales last month, as demand continues to shift to crossovers, SUVs and pickup trucks, Scotiabank said.
The project, involving Magna, the Michigan Department of Transportation, and global science company 3M, is among the first to test vehicle-to-infrastructure connectivity in the U.S.
Goss Global SA de CV is moving its global headquarters to London, Ont., and opening a $5 million manufacturing and research and development facility there in a bid to expand into the U.S. from Canada.
An improved Prairie Provinces outlook is powering new vehicle purchases by Canadian businesses to a 10-year high, a new report from Scotiabank says.
Wittmann Battenfeld Inc., the U.S. branch of Austrian plastics processing equipment maker Wittmann Group, has won filtration specialist and customer Mann+Hummel USA Inc.’s NAFTA 2016 Supplier Excellence Award for “Customer Service and Reliability.”
As reported by the Associated Press, union officials say the Lordstown plant, which makes the Chevy Cruze, and the Fairfax plant in Kansas City, which makes the mid-size Chevy Malibu, will close for as many as five weeks.
The headlights will have their market debut on the 2018 Chevrolet Traverse.
Most automakers exceeded expectations last month, StatsCan said, but sharp double-digit declines in fleet deliveries from several manufacturers reduced industry volumes.
Saint-Victor, Que.-based composites manufacturer Deflex Composite Inc. will locate its first U.S. manufacturing plant in Berlin, N.H. According to the New Hampshire Department of Resources and Economic Development, Deflex signed a lease to occupy a 9,600-square-foot facility. Deflex has a…
In a bid to strengthen its business as a local material supplier to automotive OEMs and their Tier partners in North America, Vienna-based Borealis will build a dedicated automotive PP compounding plant in Taylorsville, N.C.
In a bid to expand its presence in the onboard camera market, Magna International has introduced a camera-based advanced driver assistance technology designed to help prevent traffic accidents caused by blind spots.
The Society of Plastics Engineers (SPE) has announced the winners of the 4th annual Plastics for Life Global Parts Competition. The competition was from among a wide range of parts that had already won in competitions at previous SPE events…
It’s the second time a Magna technology has been selected for this award.
iPod and Nest inventor Tony Fadell and MIT Mobility Professor Ian Hunter are members of the group.