Canadian vehicle sales fall for third consecutive month: Scotiabankby Canadian Plastics
But sales in the U.S. continue to beat expectations on the back of strength in trucks, Scotiabank’s new report says.
Auto parts supplier Grammer buying U.S. component maker Toledo Molding & Dieby Canadian Plastics
The acquisition is designed to diversify Grammer’s footprint in making thermoplastic applications for the automotive industry.
China to cut auto import taxes as of July 1by Canadian Plastics
Charges for many imported vehicles will be cut from 25 per cent to 15 per cent, the country’s Finance Ministry said.
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.
Magna announces record first quarter resultsby 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.
Two Ontario Toyota plants to get $1.4 billion upgradeby Canadian Plastics
The Cambridge, Ont. and Woodstock, Ont. factories will become Toyota’s North American manufacturing hub for the RAV4.
Magna wins GM Supplier of the Year awardsby 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…
Global automotive plastics market to exceed $50 billion by 2024: reportby 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.
Ford to stop making sedans for North America by 2022by 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.
Instrument cluster market to be worth $10 billion by 2023: reportby 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.
Canadian vehicle sales down in March: Scotiabankby Canadian Plastics
But U.S. sales were much stronger than expected last month, Scotiabank said, buoyed by healthy economic activity.
Magna signs composite liftgate JV with Chinese automakerby Canadian Plastics
Aurora, Ont.-based Magna signed the joint venture deal with a subsidiary of state-owned automotive giant Guangzhou Automobile Group Co. Ltd.
Global automotive aftermarket will grow in 2018: reportby 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.
Magna celebrates a first in grand opening at South Carolina seat facilityby Canadian Plastics
For the first time in its history, the Canadian auto parts supplier will supply seats to the BMW Group.
Magna partners to develop self-driving systemsby 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.
Woodbridge Group forms joint venture with Inoacby 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.
Magna opens new composites centre in Germanyby 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.
First-ever all-electric Jaguar unveiled at Magnaby 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.
Record-setting vehicle sales pace continues in Canada: Scotiabankby Canadian Plastics
But U.S. purchases were mixed in February, Scotiabank said, with each of the Detroit automakers reporting lower sales.
Canadian auto sales expected to total 2 million units in 2018: Scotiabankby 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%.