Magna to build car seat cover factory in Serbia: report
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 weeks
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 2011
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 Kentucky
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 sector
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 automaker
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 Germany
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.
Magna raises sales outlook for 2012
Canada’s Magna International Inc., one of the world’s biggest auto parts manufacturers, is raising sales predictions by as much as eight per cent in 2012 as it looks to new markets for growth.
Magna enhances seating capabilities with German purchase
Canadian automotive parts supplier Magna International Inc. is expanding its seating business, and also its European footprint, by purchasing a Germany-based maker of seats for buses and light trains.
Magna to open new Arizona manufacturing plant
Canadian auto parts supplier Magna International Inc. is opening a plant in Phoenix, Ariz, to make parts for solar panels.
Japan’s Teijin to build pilot plant for manufacture of carbon fibre composites
Japanese chemical supplier Teijin Ltd. has announced plans to establish the world’s first pilot plant for fully integrated production of carbon fibre reinforced thermoplastic (CFRTP) components.
Magna to buy BDW’s four aluminum die casting operations, launch E-Car project with GM
It’s been a busy week for auto parts maker Magna International.
From coconut husks to car parts
It might be the most novel use of a coconut since Gilligan and the Professor transformed one into a radio.
SPE hands out annual Automotive Innovation Awards
The Society of Plastics Engineers (SPE) announced the winners – Canadian shops among them – of its 41st-annual Automotive Innovation Awards Competition, the oldest and largest recognition event in the automotive and plastics industries.
Magna reports more sales but lower earnings
Despite higher revenue, Canadian auto parts maker Magna International Inc.’s third-quarter 2011 earnings fell 62 per cent – a decline the company attributed to execution problems in Europe.
Magna sets up new China facility
Canadian auto parts maker Magna International Inc. continues to expand in China with the construction of a new manufacturing facility in northern China’s Tianjin municipality.
Accelerating production on brake pedal modules
While a lot of manufacturers were hunkering down during the depths of the Great Recession of 2009, injection molder KSR International decided it was time to invest to beef up its throughput of automotive brake pedal modules, electronic sensors,…
ABC Group expands relationship with Japan’s Inoac
Toronto-based Tier One auto parts supplier ABC Group Inc. has signed a global alliance agreement with Japan’s Inoac Corporation, designed to target global customer programs and strengthen global capabilities by leveraging complementary…
SABIC buys stake in German automotive joint venture
In a bid to expand its portfolio of lightweight materials, supplier SABIC Innovative Plastics has entered into an agreement to purchase an equity stake in Inpro, a joint venture dedicated to collaborative innovation in automotive production.
Woodbridge Group, Summa Group partnering on EPP facility in Mexico
In an expansion of its partnership with polyurethane supplier Summa Group, Mississauga, Ont.-based auto parts molder The Woodbridge Group is establishing a joint venture in Leon, Mexico.