Surge in global vehicle sales and production: Scotiabankby Canadian Plastics
Stronger-than-expected passenger vehicle sales combined with sharp gains in global vehicle production will provide a boost to global economic activity, the Scotiabank Global Auto Report has concluded.
Magna reports improved earnings in Q4 2012, increases sales outlookby Canadian Plastics
Magna International has reported improved earnings and raised its outlook for North American vehicle production and sales for the year.
Demand for automotive plastics to top US$18 billion by 2016by Canadian Plastics
The global automotive plastics industry market is projected to reach US$18.9 billion by 2016, primarily supported by the end-users, according to a new study by research firm Research and Markets.
2012 second-highest year on record for Canadian auto salesby Canadian Plastics
Canada’s automotive sector enjoyed its second-best year ever in 2012, selling more than 1.6 million vehicles.
2013 Canadian auto sales to be second best on record: Scotiabankby Canadian Plastics
Led by strong demand in resource-rich Alberta, Canadian auto sales will rise to 1.69 million units this year, according to a new report by ScotiaBank.
Toyota gets $34 million for investment in Cambridge plantby Canadian Plastics
Toyota Motor Manufacturing Canada (TMMC) has received a $34 million investment from the Federal and Ontario governments to fund the construction of new assembly lines and add jobs at its Cambridge, Ont. manufacturing facility.
Toyota back on top as world’s biggest-selling automakerby Canadian Plastics
Toyota has officially reclaimed its ranking as the world’s top automaker.
Magna International investing in new auto parts plants in Michiganby Canadian Plastics
Canadian auto parts supplier Magna International Inc. has some big plans in Michigan.
Magna forecasts global sales up to $32.7 billion in 2013by Canadian Plastics
Auto parts supplier Magna International Inc. is expecting sales of up to US$32.7 billion from its global operations in 2013, half of which will come from the sale of parts to North American manufacturing operations.
Research firm predicts strong 2013 U.S. auto salesby Canadian Plastics
An improving economy and a host of new models should push U.S. auto sales above 15 million units in 2013, according to a Michigan-based auto industry research firm.
Magna buys German pump maker for $397 millionby Canadian Plastics
Magna International Inc. operating unit Magna Powertrain has acquired automotive vacuum, engine and transmission pump maker ixetic Verwaltungs GmbH (ixetic) for €308 million (CAN$397.8 million).
Magna partners with Avtotor for manufacturing project in Russiaby Canadian Plastics
Canadian-based auto parts manufacturer Magna International Inc. is partnering with Russian car maker Avtotor Holding Ltd. to develop an automobile manufacturing cluster in the Kaliningrad region.
Plasmatreat opens new Ontario sales and technical centreby Canadian Plastics
Plasmatreat North America, a provider of surface treating technology for the plastics industry, has opened a new office in Ancaster, Ont.
GM crossovers win big at SPE auto innovation awards; Canadian shops front and centreby Canadian Plastics
Crossover cars from General Motors were the big winners at the 2012 Society of Plastics Engineers (SPE) Automotive Innovation Awards held on November 7 in Detroit, and a variety of Canadian shops played leading roles in other winning…
Automakers in Canada report record-breaking Octoberby Canadian Plastics
Canadian vehicle sales were up nearly seven per cent from a year ago, putting sales on track for what one analyst describes as a record year.
Magna strengthens position in auto pumps with two acquisitionsby Canadian Plastics
Automotive supplier Magna International Inc. will add to its strength in automotive pumps with two transactions, one in Europe and one in Canada.
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.