August auto sales up 6.4 per cent from year ago as imports post big gains: DesRosiersby Canadian Plastics
Canadian car and light truck sales for August climbed 6.4 per cent from a year ago, as imports posted strong gains against the U.S. automakers, according to data compiled by DesRosiers Automotive Consultants.
DuPont sells auto painting business to Carlyle Groupby Canadian Plastics
DuPont Co. has struck a deal to sell its car paint business to Washington-based investment firm Carlyle Group LP for US$4.9 billion.
Driving into Chinaby Mark Stephen, editor
In a famous scene from the classic western Butch Cassidy and the Sundance Kid, Paul Newman convinces Robert Redford to pull up stakes for Bolivia by telling him, “If we were in business during the California gold rush, we’d have…
Despite hard times, global auto sales on the rise: Scotiabankby Canadian Plastics
Global car sales advanced 6% in the first half of 2012, despite the ongoing sovereign debt problems in Western Europe and a slowdown in the pace of global economic activity, according to a new global auto report by Scotiabank Economics.
Magna reports record sales, buys rest of E-Car partnershipby Canadian Plastics
Magna International Inc., Canada’s largest auto parts manufacturer, delivered a record-breaking second-quarter result driven by a strong performance in the North American market, and has also reached a deal with a company affiliated with…
Auto sales in Canada up 4.7% in Julyby Canadian Plastics
Fuelled by incentive programs and a strong surge at Japanese automakers whose production was crippled after last year’s earthquake and tsunami, Canadian auto sales grew 4.7% this July from a year earlier.
Record year possible for Canadian auto sales: BMOby Canadian Plastics
With Canadian auto sales setting a June record and the first half of the year close to the best six-month stretch on record, sales for all of 2012 will challenge the all-time mark of just over 1.7 million units set in 2002, according to BMO…
Dow Automotive opens two technology centresby Canadian Plastics
Dow Automotive Systems, a business unit of The Dow Chemical Company, has opened two new composite technology centres, one in Switzerland and the second in the U.S.
North American auto assembly will slow over the summer, recover by winter: Scotiabankby Canadian Plastics
North American auto assembly will slow down over the coming months but production is expected to rebound by the end of 2012, according to a new report by Scotiabank Economics.
SPE holding new composite auto parts competitionby Canadian Plastics
The Society of Plastics Engineers (SPE) will hold its first ever parts competition at this year’s SPE Automotive Composites Conference & Exhibition in September.
Dow Chemical awarded US$2.16 billion in arbitration with Kuwait companyby Canadian Plastics
An international arbitration panel has ruled that Dow Chemical Co., the largest U.S. chemical maker by sales, is to be awarded US$2.16 billion in damages after a Kuwait company canceled a 2008 agreement to buy a stake in the company’s…
Magna reports stronger-than-anticipated earnings in Q1 2012by Canadian Plastics
Canadian auto parts maker Magna International Inc. reported first quarter 2012 earnings and sales that exceeded year-earlier results, and the expectations of analysts, on stronger North American vehicle production.
PA-12 resin shortage won’t impact auto industry: execsby Canadian Plastics
Executives from some key auto parts companies said that they don’t expect widespread fallout from a shortage of a key ingredient in plastic resin following a German factory explosion.
Magna to build car seat cover factory in Serbia: reportby Canadian Plastics
Magna Seating, a unit of Canada-based auto parts maker Magna International, will build a car seat cover factory in northern Serbia, the country’s investment promotion agency said.
GM puts the brakes on Volt production for five weeksby Canadian Plastics
Automaker General Motors Co. (GM) has halted production of its much-hyped Chevrolet Volt electric car for five weeks due to slow sales.
Magna reports strong 2011by Canadian Plastics
Magna International Inc., North America’s largest auto parts supplier, said fourth-quarter profit in 2011 jumped 42 per cent as car and light-truck production increased in the region.
Magna opens US$20 million car seat plant in Kentuckyby Canadian Plastics
Magna Seating, a wholly-owned operating unit of Aurora, Ont.-based automotive components manufacturer Magna International Inc., has officially opened its new facility in Shepherdsville, in Kentucky’s Bullitt County.
Lanxess expands in India to service auto sectorby Canadian Plastics
In a bid to service India’s growing automotive industry, specialty chemical supplier Lanxess AG is expanding its compounding plant in Jhagadia, Gujarat state.
GM back on top as world’s best-selling automakerby Canadian Plastics
General Motors Co. regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy.
BASF to build new TDI plant in Germanyby Canadian Plastics
Chemical supplier BASF plans to invest 1 billion euros (US$1.27 billion) at its German headquarters in Ludwigshafen to boost its polyurethane foam chemicals capacity.