Magna opens new Shenyang, China engineering centreby Canadian Plastics
Canadian auto parts maker Magna International Inc.’s Magna Steyr operating has opened an engineering centre in Shenyang, China.
South America poised for big automotive growth: IHSby Canadian Plastics
The South American automobile market will grow significantly by 2025, becoming one of the top three growth markets globally for light vehicle sales, according to a forecast by IHS Automotive.
Magna moving U.S. HQ to larger space in Troy, Mich.by Canadian Plastics
Spurred by growing business and staffing requirements, auto parts supplier Magna International Inc. plans to relocate about 300 employees into 117,300 square feet of office space at its new U.S. headquarters by September.
Asahi Kasei buying out DuPont’s share of Chinese polyacetal JVby Canadian Plastics
Chemical manufacturers Asahi Kasei Chemicals and DuPont China Holdings Co., Ltd. (DuPont) are ending their collaboration to make polyacetal copolymer resin in China, with the companies announcing that Asahi Kasei will buy DuPont’s 50 per…
China auto sales continued to slow in Mayby Canadian Plastics
Auto sales growth decelerated further in China during May amid signs of weakness in China’s economic recovery.
Automotive plastics market worth $46 billion by 2018: reportby Canadian Plastics
The global demand for automotive plastics could reach US$46 billion by 2018. according to a new report.
CME partners with Windsor’s OAVR to support local manufacturersby Canadian Plastics
In a bid to strengthen the voice of manufacturers and exporters in Ontario’s Windsor-Essex County, the Canadian Manufacturers & Exporters (CME) organization is partnering with the University of Windsor’s Office of Automotive and…
Big three automakers cancel summer shutdowns to meet renewed demandby Canadian Plastics
Detroit’s Big Three automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers’ growing demand for new cars and trucks.
SPE Automotive Division to hold innovation awards in Novemberby Canadian Plastics
The Automotive Division of the Society of Plastics Engineers (SPE) has announced the date, location and theme for its 43rd annual Automotive Innovation Awards Gala.
North American moldmakers unprepared for “historic” auto surge: DesRosiersby Canadian Plastics
In service of pent-up consumer demand, the North American auto industry launched approximately 70 all-new vehicle models each year for the next five years, translating into an “historic” wealth of new work that will be up for bids to North…
Magna reports improved Q1 2013 profits, forecast risesby Canadian Plastics
Canadian auto parts giant Magna International Inc. hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 per cent rise in revenue in the first quarter of 2013.
Canadian auto parts industry rebounds: Scotiabankby Canadian Plastics
The Canadian auto parts industry performed well last year in select markets including the U.S. and Mexico, as well as advances in sales to India and South Korea, according to a new Scotiabank report.
Nine hurt in explosion at Magna auto plant in Newmarket, Ont.by Canadian Plastics
Nine people were hurt – six of whom were taken to hospital – after a fire and explosion at the Magna International Inc. automotive plant in Newmarket, Ont., north of Toronto on Wednesday, May 1.
KUKA buys plant engineering business of Utica Companiesby Canadian Plastics
In a bid to boost its profile as a manufacturing systems supplier to North America’s auto sector, automation supplier KUKA Systems Group has purchased the plant engineering business of Michigan-based welding equipment maker Utica…
U.S. industrial production rises 0.4 per cent in Marchby Canadian Plastics
Despite job losses, U.S. industrial output rose in March as cold weather kept utilities busy generating heat and a surge in auto production helped offset broader weakness in manufacturing.
Canadian auto sales down less than 1% from 2012 recordby Canadian Plastics
It didn’t last: sales of cars and light trucks in Canada recorded a modest slip last month compared with the recording-setting pace set in March 2012.
Suzuki Canada to wrap up auto sales after 2014by Canadian Plastics
Suzuki Canada Inc. (SCI) will to stop selling automobiles in Canada after the 2014 model year.
GM recognizes Canadian firms as among its top suppliersby Canadian Plastics
A group of Canadian automotive suppliers have been recognized by General Motors as the automaker unveiled its 21st annual Supplier of the Year award winners earlier this month.
N. American-built vehicle sales in Canada remain stableby Canadian Plastics
The majority of light vehicles sold in Canada are built in North American plants, with approximately a quarter of new vehicles sourced from overseas production facilities, according to new data from DesRosiers Automotive Consultants.
GM investing $250 million in western Ontario assembly plantby Canadian Plastics
General Motors Canada is investing $250 million in its assembly plant in Ingersoll, Ont., to “support future vehicle production,” the automaker announced.