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.

June 24, 2018 News

Former Magna exec Manfred Gingl is new head of IAC

by Canadian Plastics

Gingl, 69, was the CEO of Magna Aftermarket from 2008 to 2010, after having served as executive vice chairman of Magna International Inc. from 2002 to 2007.

June 18, 2018 News

Volvo promises to use 25 per cent recycled plastics in cars from 2025

by Canadian Plastics

Volvo has already produced a one-off XC60 plug-in hybrid using recycled parts to illustrate the potential of this raw material reduction.

June 12, 2018 News

Magna partners with Michigan startup to retrofit self-driving shuttles

by Canadian Plastics

Aurora, Ont.-based Magna will retrofit May Mobility’s low-speed self-driving electric transit vehicles with custom doors, a panoramic moon roof, drive-by-wire technology, and sensor integration.

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.