Japanese auto parts maker Inoac fined $1.3 million for bid-rigging in Canadaby Canadian Plastics
An investigation found that Inoac entered into illegal agreements with a competing Japanese manufacturer to determine who would win certain calls for bids issued for parts for Toyota Corollas manufactured and sold in Canada between 2008 and 2014.
Canadian auto sales fall 1.9 per cent in October: DesRosiersby Canadian Plastics
Sales of passenger cars for several major auto companies dipped, a new report from DesRosiers said.
Magna acquires motion-control software maker Haptronik GmbHby Canadian Plastics
Germany-based Haptronik’s software will bolster Magna’s SmartAccess power door technology.
Magna opens seating plant in Czech Republic to serve BMW in Europeby Canadian Plastics
With a production area measuring 6,000 square meters, the plant has the capacity to produce more than 360,000 seat sets per year.
Canadian vehicle purchases dropped in September: Scotiabankby Canadian Plastics
But auto sales in the U.S. jumped to an annualised level of more than 17 million units in September, Scotiabank said, beating expectations.
Magna sells its fluid pressure and controls business for $1.23 billionby Canadian Plastics
The sale to South Korea-based Hanon Systems reflects Magna’s focus on being a “full-system supplier of transmission and other driveline-related systems,” Magna said.
Magna partners with Altran to create engineering centre in Moroccoby Canadian Plastics
The joint venture will support Morocco’s growing automotive export production.
Canada’s weak auto sales continues: Scotiabankby Canadian Plastics
Auto sales growth has also slowed down markedly in the U.S. and Mexico, a new report from Scotiabank says.
Magna and Rohinni form automotive lighting JVby Canadian Plastics
Thin, flexible lighting creates many new possibilities for design and product differentiation, Magna said.
Canada, U.S. resume trade talksby Canadian Plastics
The Trump administration is calling on Canada to endorse the recent agreement reached by the U.S. and Mexico, which featured important decisions made by the two countries on autos.
Lightweighting, fuel efficiency drive high-performance plastic demand across auto, aerospace sectors: reportby Canadian Plastics
Adoption of composite-grade HPPs could take the global market past US$3 billion by 2024, a new study by Frost & Sullivan says.
Teijin to acquire Inapal to expand European automotive businessby Canadian Plastics
Inapal, headquartered in Portugal, is a Tier One supplier of composite components to the automotive and heavy truck industries.
Auto industry suppliers pessimistic about U.S. trade policies: surveyby Canadian Plastics
Trade policy uncertainty is causing pessimism across the automotive supply base, despite a strong sales and production environment, a new survey conducted by the Original Equipment Suppliers Association says.
Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiationsby Canadian Plastics
The Canadian automotive parts maker – which has manufacturing operations in all three NAFTA countries, China and throughout Europe – reduced its estimate for total sales in 2018 by 1.4 per cent from its previous outlook.
Canadian vehicle sales down in July: Scotiabankby Canadian Plastics
The drop was led by poor Fiat-Chrysler sales, which recorded their worst month since early-2014.
Global auto sales expanded at a solid pace in the first half of 2018: reportby Canadian Plastics
But cracks are beginning to appear in certain emerging economies, a new report from Scotiabank says, and the threat of rising U.S. protectionism seems to have impacted vehicle sales in China.
Japan’s Asahi Kasei acquiring Sage Automotive Interiors for $1.1 billionby Canadian Plastics
Sage, founded in 2009 and located in Greenville, S.C., is a Tier 2 supplier of seat fabric and other automotive interior applications.
Magna wins three innovation awards from SPE Europeby Canadian Plastics
A thermoplastic liftgate takes top spot in the body exteriors category, a carbon fibre subframe wins first place in the chassis category, and a thin-wall torsional welding process wins the enabling technology category.
Magna to acquire OLSA and expand lighting businessby Canadian Plastics
The $352-million deal will make Aurora, Ont.-based Magna a global lighting supplier.
Viking Plastics buys automotive supplier Genesis Plastics and Engineeringby Canadian Plastics
Viking said the purchase of Indiana-based genesis adds to its current line of custom injection molded products and assemblies for the automotive, HVAC, and industrial markets.