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%.

February 12, 2018 News

Barrie-based Canplas Industries launches multimillion-dollar expansion

by Canadian Plastics

Canplas, plus two Barrie, Ont.-based tooling suppliers, are receiving funding from the Ontario provincial government.

February 4, 2018 News

Record-setting vehicle sales resumed in Canada in January: report

by Canadian Plastics

But daily rental volumes dampened U.S. sales, the report from Scotiabank said.

January 30, 2018 News

Ninth consecutive global sales record expected in 2018: Scotiabank

by 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.

January 27, 2018 News

Chinese auto parts maker Minghua to build new Michigan HQ

by 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

January 26, 2018 News

Mexico’s automotive aftermarket to grow 6.4% annually: study

by 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.

January 14, 2018 News

Fiat Chrysler moving heavy-duty truck production from Mexico to Michigan

by 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.

January 10, 2018 News

Canadian automotive sector will face decreasing demand, report says

by 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.

January 5, 2018 News

Annual Canadian vehicle sales surpass 2 million units for the first time ever: Scotiabank

by 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.

January 3, 2018 News

Magna collaborates with new Chinese automaker NIO on vehicle launch

by Canadian Plastics

Magna is supplying NIO’s new ES8 SUV with aluminum body, chassis, and the gearboxes for the electric drive system.

December 22, 2017 News

Magna realigns management structure and financial reporting segments

by 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.

December 19, 2017 News

Tier 1 supplier Hella building new HQ in Michigan

by 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.

December 8, 2017 News

North American auto production begins to rebound: Scotiabank

by Canadian Plastics

Global sales gains were moderate, Scotiabank said, as purchases decline temporarily in Asia.

December 6, 2017 CanPlastics TV

The 2017 SPE Automotive Innovation Awards

by Canadian Plastics
December 4, 2017 News

Canada’s record-setting vehicle sales pace “likely ended” in November: Scotiabank

by 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.

November 26, 2017 News

Magna expands mirrors capacity in Slovakia

by 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.

November 26, 2017 News

Lanxess expanding compounding capability in China

by Canadian Plastics

Approximately 20 million euros will be invested in the new plant in Changzhou, Lanxess said; production will start in Q2 2019.

November 13, 2017 News

SPE names Automotive Innovation Award winners

by 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.

November 11, 2017 News

Autonomous vehicle research centre opens in Ontario

by 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.

November 7, 2017 News

North America automotive vendor tooling spending will hit $11 billion in 2018: report

by 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.