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.
At the same time, input cost inflation moderated to a nine-month low, with manufacturers attributing this to a stronger exchange rate against the U.S. dollar, the report by IHS Markit said.
But operating earnings for the Cincinnati, Ohio-based company for the second quarter of 2017 decreased 19.9% to US$28.6 million compared to operating earnings of US$35.7 million in the prior year period.
On the cusp of its merger with DuPont Co., chemical giant Dow Chemical Co.’s sales increased to US$13.8 billion in the first half of 2017, up 16 per cent year-over-year.
In a July 20 statement, the Mississauga, Ont.-based CME cautioned that the proposed reforms included in the “Fair Workplaces, Better Jobs Act” – including the controversial plan to raise minimum wage to $15 an hour by 2019 – could have unintended consequences affecting the competitiveness of the manufacturing sector and discouraging investments in Ontario.
After a summit in held Mexico City on July 5, the heads of the U.S.-based Plastics Industry Association, the Canadian Plastics Industry Association, and Mexico’s Asociación Nacional de Industrias del Plástico AC released a joint statement opposing new tariffs and supporting greater harmonization of regulations.
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 six companies, which provide aerospace parts and services, will benefit from funding announced by Canada’s innovation minister at the Paris Air Show.
But shops still remain “very optimistic” about the next three months, a new report said.
Most automakers exceeded expectations last month, StatsCan said, but sharp double-digit declines in fleet deliveries from several manufacturers reduced industry volumes.
U.S. passenger vehicle sales were also disappointing, with most automakers reporting lower-than-expected volumes.
Factory sales were down in 10 of the 21 industries, representing 37% of the manufacturing sector; sales in motor vehicle assembly fell 5.3%, while petroleum and coal products dropped 5.0%.
Canadian vehicle sale purchases in March 2017 advanced 7% above a year earlier, setting a monthly record for March. According to the latest Auto News Flash from Scotiabank, sales exceeded an annualized 2.1 million units in March 2017, lifting year-to-date…
A new survey being conducted by the Automotive Parts Manufacturers Association seeks to detail the level of integration in the North American auto industry.
The motor vehicle and parts subsector contributed the most to the gain, the agency said.
The report, by Toronto-based think tank C.D. Howe Institute, said industries at “high risk” of automation make up just 1.7 per cent of the Canadian workforce.
Will Canada’s carbon tax plan hurt the plastics industry’s competitiveness?
North American auto production to climb to record high in the second quarter, the bank said.
For the first time since the recovery in the plastics industry began in 2010, North American shipments of plastics machinery posted a second consecutive quarterly decrease, according to statistics compiled and reported by the Plastics Industry Association’s (PLASTICS) Committee on Equipment Statistics (CES).
Exports were up 0.5% on the strength of higher exports of motor vehicles and canola, the agency said.