Toyota plans to build $1.3 billion battery plant in the U.S.
The U.S. investment will include a $1.29 billion lithium-ion battery plant, built in partnership with Toyota Tsusho.
3D printing materials market will reach $3.18 billion by 2027, report says
The market will be driven by a rising demand for customization, the new study from Frost & Sullivan says.
Plasman expands in Southern U.S. with Minghua USA acquisition
Minghua’s exterior trim paint plant in Greer, S.C. has capability for full fascia/bumper.
GM building giant battery development lab in Detroit suburb
The automaker is working on several new battery chemistries, including solid state, which have solid conducting material instead of the liquid electrolyte.
Magna terminates merger agreement with Swedish tech company Veoneer
The auto parts company says it waived a four-day matching period to make a counter-proposal after an offer by Qualcomm was ruled to be a superior proposal.
SPE thermoforming division announces parts competition winners
Quebec molder Plastique Art won the ‘Vacuum Forming – Gold’ award for an enclosure assembly of eight thermoformed parts that house a high-end intensive care unit ventilator.
Axiom Group buys injection molding compounder to support development of EV components
Ontario-based Axiom says it’s currently working with various OEMs and vehicle platform developers in advanced compound integration.
Cargill buying Arkema’s epoxides business
The acquisition aims to boost Cargill’s ability to supply bio-based solutions for plastics, automotive, and other industries.
Semiconductor chip shortage will cost the auto industry $210B in 2021, new forecast says
Consulting firm AlixPartners also says that production of 7.7 million units will be lost in 2021, up from its earlier forecast of 3.9 million units.
Five parts suppliers combine to form Teijin Automotive Technologies
Continental Structural Plastics, Inapal, Benet, CSP Victall, and Teijin Automotive Center Europe are now unified under this single brand.
Oaktree Capital acquiring minority stake in auto parts molder ABC Technologies
Oaktree is buying Cerebrus Capital Management’s remaining stake in the Toronto-based injection and blow molder.
Global plastic compounding market will reach $93.1 billion by 2028: report
Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components, the report from Research & Markets said.
Magna starts production of thermoplastic liftgates at new UK plant
The facility in Sunderland, England manufactures the liftgate modules for the third generation Nissan Qashqai.
Global EV sales to reach 5.3 million units in 2021: Frost & Sullivan
Intensifying electrification and fuel economy targets are set to propel EV market growth, according to a new Frost & Sullivan report.
Using recycled PET bottles in tire production, the Continental way
The German tire maker will start using reprocessed polyester obtained from recycled plastic bottles in its tire production as of 2022 completely replacing conventional polyester.
Magna introduces new electric vehicle front end panel
The Mezzo panel integrates ADAS sensors and lighting and features hidden-until-lit functionality.
NGen announces $40 million automotive zero-emissions manufacturing challenge
The supercluster to invest up to $20 million in R&D projects for battery and fuel cell electric vehicles.
Feds invest in first made-in-Canada electric vehicle
The Automotive Parts Manufacturers’ Association is getting $5 million in funding through FedDev Ontario to support Project Arrow.
Volkswagen turns to acrylic resin for new black and white emblems
A combination of two Plexiglas Hi-Gloss materials is used by Austrian automotive supplier Ulbrichts GmbH to create the emblem’s modern look.
Magna cuts 2021 revenue forecast as chip shortages expected to reduce vehicle output
But sales more than doubled to $9 billion, reflecting a global light vehicle production increase of 58 per cent.
Magna, LG partner on joint venture for electric powertrains
The JV establishes a new company, to be called LG Magna e-Powertrain, which is headquartered in Incheon, South Korea.
Turning automotive plastic waste into new sustainable materials
A new research project involving Eastman shows how to recycle automotive-industry mixed plastic waste in the automotive supply chain.
Magna acquiring Swedish driver technology firm Veoneer for $3.8 billion
The deal aims to strengthen and broaden Magna’s ADAS portfolio and industry position.
Magna offering education program for its employees
Magna is working with education program provider InStride to provide employees with undergraduate degrees at leading colleges and universities through InStride’s educational network.
GM to stop making Equinox at Ontario plant in April, in switch to electric vehicles
The CAMI Assembly plant in Ingersoll will be converted to produce GM’s new BrightDrop electric EV600 llght commercial vehicle.
LSR maker Simtec announces new managing director
The Florida-based firm has appointed industry veteran Roland Keller to the role.
Ontario invests $7 million for training in automotive manufacturing
The project, which targets people from underrepresented groups, is being led by the Automotive Parts Manufacturers’ Association.
Rehau Group reorganizes automotive, industrial units; supervisory board members change roles
The automotive business now becomes an independent company while the industrial business forms a new umbrella for other Rehau divisions.
Feds invest $10 million in Hamilton-based clean automotive and aerospace hub
McMaster University’s new iHub will support more than 230 SMEs to commercialize new technologies for next-generation automotive and aerospace sectors.
SPE introduces new COVID-19 category for Auto Innovation Awards
The award will highlight how automotive OEMs and suppliers adapted their processes, materials, or business to support international needs for battling COVID-19.
Magna sells three German auto parts plants to Mutares
The plants in Obertshausen, Sulzbach, and Idar-Oberstein make exterior components and employ about 1,700 workers.
Tokyo researchers hit on new design method to reduce weight in reinforced plastics
The development opens the doors to lighter aircrafts and automobiles.