The project will boost the plant’s capacity by approximately 30 per cent and create 17 new jobs.
Aurora, Ont.-based Magna said the paint shop will support its contract manufacturing site in Graz, Austria, about 75 kilometres away.
The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”
The core partners are developing the self-driving platform for an application in 2021.
U.S. purchases rebounded to a cycle-high in September, Scotiabank said.
A carbon fiber subframe won for process innovation, a reclaimed carbon fiber body panel won for materials innovation, and both products tied for the People’s Choice award.
The centre will deliver the latest mirror and vision systems technologies to Asian markets.
In Canada, auto industry output is advancing nearly four times faster than the overall growth rate of manufacturing as a whole, the new report from Scotiabank said.
The Detroit-based automaker has announced shutdowns of between one and two weeks at several assembly plants making small cars, sports cars, sedans, and vans.
Ontario-based automotive parts maker Magna International Inc. is expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Ala. Magna invested approximately US$60 million to add the 150,000-square-foot facility. At full capacity, the expansion has the potential…
U.S. fleet volumes began to stabilize from the double-digit decline of recent months, Scotiabank also said.
The expanding global economy is leading to a re-acceleration in global auto sales, Scotiabank’s latest Global Auto Report said, and this economic growth is also lifting purchases in Canada
Innoviz designs Lidar sensors, a key piece of technology in the auto industry’s shift to self-driving cars.
The new PPS plant will be located in the Hungarian city of Nyergesujfalu at the European headquarters of Toray’s U.S. subsidiary Zoltek Inc.
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.