Canadian Plastics


February 27, 2017 News

Trade protectionism is a risk to the auto sector: Magna

by Canadian Plastics

As reported by The Canadian Press, Magna CEO Don Walker said any border adjustment tax imposed by the U.S. would have a “material adverse effect” on operations and profitability.

February 20, 2017 News

Ineos to develop 4×4 off-roader

by Canadian Plastics

Petrochemical firm pledges to invest “hundreds of millions of pounds” to set up automotive division in UK to make 4×4 vehicles.

February 13, 2017 News

Ford investing US$1 billion in robotics startup Argo AI

by Canadian Plastics

The investment, part of Ford’s plan to develop a fully driverless vehicle by 2021, will make Ford the company’s largest shareholder.

February 7, 2017 News

Canadian auto sales will decline in 2017: Scotiabank

by Canadian Plastics

Sales gains in Alberta and Saskatchewan are expected to be more than offset by declines in Ontario, Quebec, and Atlantic Canada.

February 3, 2017 News

Canadian vehicle sales up in January: Scotiabank

by Canadian Plastics

But the bank anticipates lower annual sales, as vehicle affordability begins to erode alongside some slowing in real income gains.

February 2, 2017 News

Magna opens new seating headquarters in Michigan

by Canadian Plastics

Construction began on the $48-million, three-story facility in December 2015.

January 22, 2017 News

Record global auto sales expected in 2017: Scotiabank

by Canadian Plastics

In Canada, volumes will be undercut by recent price hikes for new cars and light trucks, as well as lower replacement demand than in the United States, Scotiabank’s latest Global Auto Report said.

January 17, 2017 News

GM to invest additional $1 billion across U.S. supply chain

by Canadian Plastics

The automaker will also look at reshoring axle production for pickup trucks, including work previously done in Mexico.

January 10, 2017 News

Chevy Bolt wins North American Car of the Year award

by Canadian Plastics

It’s the first all-electric car to receive the award.

January 10, 2017 News

Honda Canada investing $492 million in Alliston, Ont. facility

by Canadian Plastics

The automaker is preparing to build new models of its Civic and CR-V.

January 9, 2017 News

Canadian vehicle sales down in December: Scotiabank

by Canadian Plastics

U.S. purchases accelerated sharply in December, the bank also said, climbing to an annualized 18.3 million units and setting a record for the month of December.

January 3, 2017 News

Ford cancels plan for Mexican plant

by Canadian Plastics

Ford also announces Michigan investment to boost electric, autonomous vehicle production.

December 19, 2016 News

GM to pause production at five U.S. factories as inventory grows

by Canadian Plastics

The automaker’s inventory of vehicles on dealer lots in November is up 26.5 per cent from November 2016.

December 12, 2016 News

Magna secures BMW seat business

by Canadian Plastics

Parts will be supplied supplied from a new, state-of-the-art seat manufacturing facility in Spartanburg County, S.C.

December 7, 2016 News

Global car sales up in October: Scotiabank

by Canadian Plastics

Volumes in both Canada and Mexico posted double-digit year-over-year advances, while U.S. purchases exceeded expectations and lifted year-to-date sales above a year ago.

December 6, 2016 News

Magna named one of the best places to work in Canada

by Canadian Plastics

Aurora, Ont.-based auto parts supplier wins Glassdoor Employees’ Choice Award.

December 5, 2016 News

EPA doubles down on 2025 emissions standards

by Canadian Plastics

The U.S. Environmental Protection Agency has proposed to leave in place its greenhouse gas emissions standards for light vehicles through the 2025 model year. Many in the auto industry aren’t happy with the decision.

December 2, 2016 News

Canadian auto industry volumes rebounded last month, setting a record for November: Scotiabank

by Canadian Plastics

U.S. purchases exceeded expectations, buoyed by improving economic conditions and enhanced promotions.

November 28, 2016 News

Two of Trump’s cabinet picks have links to plastics industry

by Canadian Plastics

Two names associated with U.S. President-elect Donald Trump’s fledgling cabinet have ties to the plastics industry. Trump’s nominee for Education Secretary is Elizabeth DeVos, the daughter of Edgar Prince, the founder of Holland, Mich.-based automotive parts supplier Prince Automotive. Edgar

November 28, 2016 News

Magna reports record third quarter and year to date results

by Canadian Plastics

Automotive parts supplier Magna International Inc. reported record third quarter and year to date results in November. The Aurora, Ont.-based company’s Q3 2016 sales were up by 16%, well above 3% growth in global light vehicle production. “We posted sales