The 61,400-square-foot facility in Kenitra represents an investment of $11.3 million by Magna and is expected to be operational by spring 2020.
Chemical supplier Borealis AG has announced that its new compounding plant in Taylorsville, North Carolina, has come on stream during Q1 2019 as planned, with the inauguration of the facility scheduled for May 16. With dedicated production lines for thermoplastic…
Scotiabank also forecasts that auto sales in Canada will fall to 1.93 million units delivered in 2019.
Located in San Pedro near Monterrey, this second location is situated in an automotive manufacturing region.
Sales in Canada continued to decline in February, a new report by Scotiabank said, marking the twelfth year-on-year decline in a row off record February sales a year prior.
Auto sales in the U.S. fell for a second consecutive month, a new report from Scotiabank also said.
Excluding China, Scotiabank’s most recent Global Auto Report says, vehicle purchases fell by 3 per cent year-over-year worldwide.
Swiss-based Kistler Group, a supplier of measurement technology, has opened its first Canadian location, a new sales centre near Toronto.
The announcement is part of a 10-year plan for strengthening the auto sector’s competitiveness.
Vehicle purchases in the U.S. also dropped in January, a new report from Scotiabank said, as sales activity rebalances from strong gains in late-2018 and adverse weather conditions keep buyers at bay.
The Germany-based company says it is adjusting production capacity at its London, Ont. manufacturing facility to meet shifting customer demand as the market moves away from passenger cars towards SUVs and crossovers.
But despite posting a decline relative to 2017, the Canadian auto market posted its second best year on record, a new report from Scotiabank said.
Inteva’s plant in Whitby, Ont. supplies components such as headliners, floor consoles, and instrument panels for the Chevrolet Impala and Cadillac XTS.
The auto parts maker anticipates that the strong U.S. dollar, the sale of its fluid pressure and controls business, and GM plant closures will negatively impact its bottom line this year.
But auto purchases in the U.S. recorded their highest one-month total since October 2017, the new report from Scotiabank said.
Headquartered in Fraser, Mich., Sur-Flo has 35 injection molding presses ranging from 45 to 3,300 tons, and serves automotive OEM and Tier 1 customers.
Vehicle purchases in Canada in November fell below 1.9 million annualised units for the first time since late-2016, Scotiabank said, but sales are still on track for their second-highest year on record in 2018.
To be completed in 2020, the new 110,000-square-foot building in Northville, Mich. will house approximately 400 employees.
The acquisition gives Magna four new facilities and more than 1,100 new employees.
The new engineering center will support the growing vehicle accessibility market in China.