Category
Automotive

Canadian auto sales posted “modest” uptick in August, Scotiabank says

The sales increase ended a record seventeenth month of year-over-year declines in auto sales in Canada, a new report from the bank says.

Teijin opens new resin compound plant, technical centre in Thailand

The plant will help Tokyo-based Teijin meet the demand for compound resin products for the automotive and communication sectors in Asia.

Canadian auto sales posted modest increase in August, report says

U.S. auto sales also grew at a robust rate in August, according to the latest Auto News Flash from Scotiabank.

Ontario auto parts maker Global Plas expands, adds machines and automation

With $2.5 million in funding assistance from FedDev Ontario, the Concord-based company will scale up operations and create 50 new jobs.

Ford global director Michael J. Whitens wins SPE Lifetime Achievement Award

A retired automotive industry veteran with over 30 years of experience, Whitens spent the majority of his career at Ford in various body engineering disciplines.

Magna opens new Michigan electronics facility

The new $50 million, 230,000-square-foot plant in Grand Blanc Township is designed to help Magna service the vision-based driver assistance systems market.

Canadian auto sales picked up in July: Scotiabank

But U.S. auto sales decelerated in July, a new Scotiabank report says, as volatility in that market continues.

Magna breaks ground on new seating plant in Ohio

The Lancaster facility represents an initial investment of approximately US$60 million, and will be Magna’s first dedicated seat structure plant in the U.S.

Magna signs its first complete vehicle manufacturing JV in China

The joint venture, to be controlled by an affiliate of the BAIC Group, will manufacture up to 180,000 electric vehicles per year.

Ford cutting 200 jobs at Oakville, Ont. auto assembly plant

In a statement, Ford said the layoffs are the result of a “long-standing practice of matching production with consumer demand.”

Magna receives FCA Supplier of the Year Award

Magna’s interior content to Fiat Chrysler Automobiles consists of complete seat sets on vehicles such as the Jeep Grand Cherokee, Dodge Durango and Chrysler Pacifica.

Petro-Canada gets funding for cross-country electric vehicle fast-charging network

The federal government is awarding Petro-Canada $4.6 million to build 92 electric vehicle fast chargers, with the first completed station being in Stewiacke, N.S.

in its coast-to-coast network.

Canada’s Woodbridge Foam investing $100 million on upgrades, research centre in Ontario

The investment, which includes $20 million from the federal government, will help create and maintain more than 800 jobs and establish a new Centre of Excellence.

Canadian auto sales fell in June, Scotiabank says

U.S. auto sales continued its above-trend growth in June following an equally strong performance in May, according to Scotiabank’s latest Auto News Flash.

Magna wins Ford’s global supplier award

The Canadian auto parts maker was recognized as a top-performing global supplier by Ford with a Silver Quality World Excellence Award.

Downturn in global auto sales continued in May: Scotiabank

The Canadian auto sales rate ticked up marginally in May, Scotiabank’s latest Global Auto Report said, but the decline on a year-over-year basis continued.

Global slowdown of vehicle sales continued in April: Scotiabank

Global auto sales fell by 7.9% year-over-year in April for an eighth consecutive month of year-on-year declines, a new report from Scotiabank says.

Fiat Chrysler and Renault discuss possibility of a merger

The merger would create the third largest global OEM with 8.7 million vehicle sales.

U.S. lifts steel and aluminum tariffs on Canada and Mexico

After having been in place for almost a year, the tariffs – 25 per cent on imports of steel and 10 per cent on aluminum – will be removed by May 19.

Canadian auto parts maker Hematite to open second U.S. location

The Guelph, Ont.-based company is investing US$11.5 million to establish a production facility in Fayetteville, Tenn.