November 8, 2018 News

Japanese auto parts maker Inoac fined $1.3 million for bid-rigging in Canada

by 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.

November 5, 2018 News

Canadian auto sales fall 1.9 per cent in October: DesRosiers

by Canadian Plastics

Sales of passenger cars for several major auto companies dipped, a new report from DesRosiers said.

November 4, 2018 News

Magna acquires motion-control software maker Haptronik GmbH

by Canadian Plastics

Germany-based Haptronik’s software will bolster Magna’s SmartAccess power door technology.

October 15, 2018 News

Magna opens seating plant in Czech Republic to serve BMW in Europe

by 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.

October 7, 2018 News

Canadian vehicle purchases dropped in September: Scotiabank

by 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.

October 6, 2018 News

Magna sells its fluid pressure and controls business for $1.23 billion

by 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.

October 2, 2018 News

Magna partners with Altran to create engineering centre in Morocco

by Canadian Plastics

The joint venture will support Morocco’s growing automotive export production.

September 12, 2018 News

Canada’s weak auto sales continues: Scotiabank

by Canadian Plastics

Auto sales growth has also slowed down markedly in the U.S. and Mexico, a new report from Scotiabank says.

September 4, 2018 News

Magna and Rohinni form automotive lighting JV

by Canadian Plastics

Thin, flexible lighting creates many new possibilities for design and product differentiation, Magna said.

August 29, 2018 News

Canada, U.S. resume trade talks

by 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.

August 25, 2018 News

Lightweighting, fuel efficiency drive high-performance plastic demand across auto, aerospace sectors: report

by 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.

August 22, 2018 News

Teijin to acquire Inapal to expand European automotive business

by Canadian Plastics

Inapal, headquartered in Portugal, is a Tier One supplier of composite components to the automotive and heavy truck industries.

August 20, 2018 News

Auto industry suppliers pessimistic about U.S. trade policies: survey

by 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.

August 8, 2018 News

Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiations

by 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.

August 3, 2018 News

Canadian vehicle sales down in July: Scotiabank

by Canadian Plastics

The drop was led by poor Fiat-Chrysler sales, which recorded their worst month since early-2014.

July 31, 2018 News

Global auto sales expanded at a solid pace in the first half of 2018: report

by 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.

July 21, 2018 News

Japan’s Asahi Kasei acquiring Sage Automotive Interiors for $1.1 billion

by 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.

July 17, 2018 News

Magna wins three innovation awards from SPE Europe

by 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.

June 28, 2018 News

Magna to acquire OLSA and expand lighting business

by Canadian Plastics

The $352-million deal will make Aurora, Ont.-based Magna a global lighting supplier.

June 27, 2018 News

Viking Plastics buys automotive supplier Genesis Plastics and Engineering

by 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.