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%.
Barrie-based Canplas Industries launches multimillion-dollar expansionby Canadian Plastics
Canplas, plus two Barrie, Ont.-based tooling suppliers, are receiving funding from the Ontario provincial government.
Record-setting vehicle sales resumed in Canada in January: reportby Canadian Plastics
But daily rental volumes dampened U.S. sales, the report from Scotiabank said.
Ninth consecutive global sales record expected in 2018: Scotiabankby Canadian Plastics
Stronger economic growth and replacement demand are expected to drive sales higher in North America and Western Europe, a new Scotiabank report said.
Chinese auto parts maker Minghua to build new Michigan HQby Canadian Plastics
Minghua USA Inc, a Chinese automotive parts maker, will open a new North American headquarters in Troy, Michigan, according to the local media sources. The automotive firm, a subsidiary of Jiangnon Mold Plastics Technology, announced plans to spend over US$8.4…
Mexico’s automotive aftermarket to grow 6.4% annually: studyby Canadian Plastics
The automotive aftermarket in Mexico totaled $4.3 billion in 2016 and represented 8 per cent of North American demand, a new report from market research firm the Freedonia Group said.
Fiat Chrysler moving heavy-duty truck production from Mexico to Michiganby Canadian Plastics
The Italian-American automaker will invest US$1 billion in its Warren, Michigan truck assembly plant to make the Ram Heavy Duty Truck starting in 2020.
Canadian automotive sector will face decreasing demand, report saysby Canadian Plastics
A Conference Board of Canada report predicts that dwindling demand in the U.S., reduced interest in vehicle ownership by American millennials, and the aging of baby boomers will result in a decline in Canadian automotive exports over the next five years.
Annual Canadian vehicle sales surpass 2 million units for the first time ever: Scotiabankby Canadian Plastics
U.S. purchases continue to exceed expectations, keeping full-year 2017 sales above 17 million units for a record third consecutive year, the bank also said.
Magna collaborates with new Chinese automaker NIO on vehicle launchby Canadian Plastics
Magna is supplying NIO’s new ES8 SUV with aluminum body, chassis, and the gearboxes for the electric drive system.
Magna realigns management structure and financial reporting segmentsby Canadian Plastics
Aurora, Ont.-based Magna said the realignment will create four global, product segments. Additionally, the company plans to report quarterly sales and earnings for each unit beginning in 2018.
Tier 1 supplier Hella building new HQ in Michiganby Canadian Plastics
The new, modernized facility will be at least 115,000 square feet and will address Hella’s company’s continued growth as well as provide flexibility to adapt to automotive marketplace shifts in the coming years.
North American auto production begins to rebound: Scotiabankby Canadian Plastics
Global sales gains were moderate, Scotiabank said, as purchases decline temporarily in Asia.
The 2017 SPE Automotive Innovation Awardsby Canadian Plastics
Canada’s record-setting vehicle sales pace “likely ended” in November: Scotiabankby Canadian Plastics
Based on available data, Scotiabank’s latest Auto News flash says that Canadian sales declined two per cent year-over-year in November, ending the six-month streak of monthly records.
Magna expands mirrors capacity in Slovakiaby Canadian Plastics
Aurora, Ont.-based Magna is expanding into a larger plant for its mirrors business in Slovakia, and will also install a new automated paint line in the building.
Lanxess expanding compounding capability in Chinaby Canadian Plastics
Approximately 20 million euros will be invested in the new plant in Changzhou, Lanxess said; production will start in Q2 2019.
SPE names Automotive Innovation Award winnersby Canadian Plastics
Ford Motor Co. took home the top award for its entry in the body exterior category, a structural front-end module with loose layer construction on the 2018 Expedition.
Autonomous vehicle research centre opens in Ontarioby Canadian Plastics
Auto industry representatives and academics researching autonomous vehicles will work together at the Stratford, Ont. centre to further develop and demonstrate the technology.
North America automotive vendor tooling spending will hit $11 billion in 2018: reportby Canadian Plastics
Driven by the high level of North American vehicle launches predicted between 2018 and 2020, spending on automotive vendor tooling will reach a record high of US$11 billion next year, a new report from Harbour Results Inc. said.