June 4, 2018 News

Canadian vehicle sales fall for third consecutive month: Scotiabank

by Canadian Plastics

But sales in the U.S. continue to beat expectations on the back of strength in trucks, Scotiabank’s new report says.

May 23, 2018 News

Auto parts supplier Grammer buying U.S. component maker Toledo Molding & Die

by Canadian Plastics

The acquisition is designed to diversify Grammer’s footprint in making thermoplastic applications for the automotive industry.

May 22, 2018 News

China to cut auto import taxes as of July 1

by Canadian Plastics

Charges for many imported vehicles will be cut from 25 per cent to 15 per cent, the country’s Finance Ministry said.

May 21, 2018 News

Magna opens new aluminum casting facility in the U.K.

by Canadian Plastics

The 225,000-square-foot facility will employ approximately 300 people and will supply structural castings to Jaguar Land Rover.

May 13, 2018 News

Magna announces record first quarter results

by Canadian Plastics

Buoyed by strong sales in its complete vehicles segment, automotive parts supplier Magna International Inc. reported record quarterly sales in Q1 2018, up 21 per cent year-over-year to $10.79 billion.

May 8, 2018 News

Two Ontario Toyota plants to get $1.4 billion upgrade

by Canadian Plastics

The Cambridge, Ont. and Woodstock, Ont. factories will become Toyota’s North American manufacturing hub for the RAV4.

May 4, 2018 News

Magna wins GM Supplier of the Year awards

by Canadian Plastics

Automotive parts supplier Magna International won two General Motors Supplier of the Year awards at the GM’s 26th annual Supplier of the Year awards ceremony in Orlando, Fla. One example of the lighting that Aurora, Ont.-based Magna supplies GM is

May 4, 2018 News

Global automotive plastics market to exceed $50 billion by 2024: report

by Canadian Plastics

The size of the North American automotive plastics market shows steady gains, the report from Global Market Insights Inc said, and is expected to exceed US$5 billion by 2024.

April 26, 2018 News

Ford to stop making sedans for North America by 2022

by Canadian Plastics

The automaker said the changes, meant to improve profitability, include getting rid of all cars for the North American market except for the Mustang sports car and Focus crossover.

April 9, 2018 News

Instrument cluster market to be worth $10 billion by 2023: report

by Canadian Plastics

And driven by increasing production and the growth of government regulations, the global market for instrument clusters will be worth US$9.02 billion in 2018, the report from MarketsandMarkets says.

April 4, 2018 News

Canadian vehicle sales down in March: Scotiabank

by Canadian Plastics

But U.S. sales were much stronger than expected last month, Scotiabank said, buoyed by healthy economic activity.

April 2, 2018 News

Magna signs composite liftgate JV with Chinese automaker

by Canadian Plastics

Aurora, Ont.-based Magna signed the joint venture deal with a subsidiary of state-owned automotive giant Guangzhou Automobile Group Co. Ltd.

April 1, 2018 News

Global automotive aftermarket will grow in 2018: report

by Canadian Plastics

The new report, by market research firm Frost & Sullivan, says that global automotive aftermarket demand will increase by 4.4 per cent during 2018, with a slowdown anticipated in some developed markets.

March 28, 2018 News

Magna celebrates a first in grand opening at South Carolina seat facility

by Canadian Plastics

For the first time in its history, the Canadian auto parts supplier will supply seats to the BMW Group.

March 21, 2018 News

Magna partners to develop self-driving systems

by Canadian Plastics

Automotive parts supplier Magna International Inc. is partnering with Lyft, one of North America’s fastest growing rideshare companies, to jointly fund, develop, and manufacture self-driving systems.

March 10, 2018 News

Woodbridge Group forms joint venture with Inoac

by Canadian Plastics

The technical foam facilities of Mississauga, Ont.-based Woodbridge and Inoac in North America and South America will operate under the name Woodbridge Inoac Technical Products.

March 9, 2018 News

Magna opens new composites centre in Germany

by Canadian Plastics

Automotive parts supplier Magna International Inc. has opened a new European composites centre of excellence in Esslingen, Germany, to develop lightweight structural parts and exterior components in advanced materials for European automomakers.

March 5, 2018 News

First-ever all-electric Jaguar unveiled at Magna

by Canadian Plastics

The Jaguar I-PACE is the second Jaguar Land Rover model built by Magna. The first, the Jaguar E-PACE, made its debut in 2017.

March 2, 2018 News

Record-setting vehicle sales pace continues in Canada: Scotiabank

by Canadian Plastics

But U.S. purchases were mixed in February, Scotiabank said, with each of the Detroit automakers reporting lower sales.

February 23, 2018 News

Canadian auto sales expected to total 2 million units in 2018: Scotiabank

by Canadian Plastics

Canadian passenger vehicle sales exceeded 2 million units for the first time ever last year, a new report from Scotiabank said, climbing to an annual record of 2.04 million units. It’s the best back-to-back annual total on record, even as sales in Ontario decline 3%.