Category
Automotive
Investment firm Apollo Funds to buy majority stake in ABC Technologies
Founded in 1974, Toronto-based ABC molds a wide range of automotive systems and components.
GM Canada completes federal order for 10 million face masks
Since the start of production in May 2020, the team at Oshawa Operations produced approximately one million masks a month to help protect front-line workers and other Canadians during the COVID-19 pandemic.
Ontario provides funding to Barrie, Innisfil, Oro-Medonte auto-parts companies
The funding comes through the province’s Ontario Automotive Modernization Program (O-AMP).
Ontario invests $10 million in auto parts companies to boost supply chain competitiveness
The projects will help position the province as a hub for building cars of the future.
Taiga Motors to build assembly plant in Shawinigan, Que.
The mass-assembly plant is designed to bolster Taiga into becoming a globally leading OEM for powersports vehicles.
Magna releases new eBeam technology to drive pickup truck electrification
Magna says that eBeam provides the ability to retain pickup truck capability while transitioning to electrification.
Ontario molder Stratus Plastics expanding its Kentucky operations
The Windsor-based injection molder will create 40 jobs while immediately expanding production at its Morgantown facility, with the potential for a total of 135 new positions in the years to come.
Feds invest in Ontario injection molder Kumi Canada
The company is receiving $2 million from FedDev Ontario to expand its facility, install new equipment, increase production capacity, and create new jobs.
Magna building auto battery plant in Michigan
The new $70-million plant in St. Clair will build complex battery enclosures for General Motors Co.’s all-new 2022 GMC Hummer EV.
University of Windsor opens centre to combat automotive cybersecurity threats
The SHIELD Automotive Cybersecurity Centre of Excellence has already announced a partnership with the Automotive Parts Manufacturers’ Association.
Ford Motor Co. of Canada names Bev Goodman as new president and CEO
Goodman, a 25-year veteran of the Oakville, Ont.-based automaker, replaces Dean Stoneley.
GM plans to go mostly electric by 2035, be carbon neutral by 2040
The automaker will concentrate on offering zero-emissions vehicles in different prices ranges.
Manufacturing sales down in November, wholesale sales up, StatCan says
Manufacturing sales fell in November for the first time in three months, and sales were down in 5 of 21 industries, driven mainly by the aerospace product and parts, motor vehicle, and motor vehicle parts industries.
Unifor approves $1 billion GM deal to build electric vans in Ontario
Members voted overwhelmingly in favour of the deal, and work will begin immediately to ready the plant in Ingersoll for van production to begin in November.
Ford to close Brazil manufacturing operations
The company is closing two plants immediately and a third later in the year, as part of a restructuring plan meant to cut costs and increase efficiency.
General Motors redesigns its logo for the electric vehicle era
General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company.
New year brings new CEO, industry collaboration agreement for Magna
As Swamy Kotagiri officially takes the helm, the automotive parts maker says it is deepening ties with electric vehicle maker Fisker.
Private equity firm Wynnchurch Capital acquires Huntington Foam
Greer, S.C.-based Huntington Foam will be combined with EPS product maker Drew Foam Companies, which is also owned by Wynnchurch.
Magna, LG Electronics partnering to build electric car components
The joint venture parntership will include more than 1,000 employees located at LG locations in the U.S., South Korea and China.
Auto parts supplier Windsor Mold investing $5.9 million to expand Tennessee facility
The company will add 37,500 square feet of space for warehousing and manufacturing and create 40 jobs over the next five years.
Manufacturing sales edged up 0.3% in October, StatCan says
Manufacturing sales grew to $54.1 billion led by the paper, petroleum, and coal industries, and with 2.2% growth for plastic and rubber product manufacturers.
Trinseo to acquire Arkema’s PMMA business
Arkema’s PMMA business is active in several end market applications including automotive and building and construction, enhancing Trinseo’s existing positions in these applications.
Indian auto parts molder expanding operations to Ontario
Injection molder Plastic Component Industries will be investing $4 million in the new facility, which will create 80 jobs over the next three years.
Ineos Automotive buys Hambach, France production site from Mercedes-Benz
The former Mercedes-Benz site, which currently builds smart EQ fortwo electric vehicles, will also start manufacturing Ineos’ Grenadier 4×4.
Magna donates $2 million to Sheridan College’s skilled trades program
The donation will be used to update labs with new equipment, create scholarships, provide resources for training, and enable student participation at skills competitions.
Global auto sales improve modestly again in October, report says
On a year-over-year basis, sales were in positive territory for a second consecutive month since the pandemic struck, Scotiabank’s latest Global Auto Report says.
Magna brings EyeQ5-based driver assistance system to market
The system is said to be one of the industry’s first “one-box” EyeQ5 front-facing camera systems.
Brose adds Engel to suppliers list
Automotive Tier 1 Brose has added injection molding machine maker Engel Austria to its BEST group of strategic suppliers.
Researchers discover unique new polymer fibres
Strong and tough yet as light as a feather, the fibres are said to be ideally suited for technical components that are exposed to high loads.
Auto parts molder Plasman Group announces global rebrand
Prior division names — including A-Brite Plating, A.P. Plasman, Build-A-Mold, Plastal, and Thermotech — will now be united under the one global brand name of Plasman.
CpK Interior Products R&D team invents anti-viral plastics to kill COVID-19
The formulations kill 99.9999% of SARS-CoV-2 virus on material surfaces in less than 60 minutes.
Injection molder Hawk Plastics receives funding from feds
The Ontario-based company is receiving a $880,372 repayable contribution from the FedDev Ontario program to expand its production facility by 8,000 square feet to accommodate its new advanced and robotic production equipment.
