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.
Record-setting vehicle sales continued in October: Scotiabankby Canadian Plastics
U.S. purchases defied expectations, Scotiabank also said, remaining at an annualized 18 million units last month.
Global auto sales accelerated during the summer: Scotiabankby Canadian Plastics
Global car sales accelerated through the summer, a new report from Scotiabank said, with volumes advancing 4.5% above a year earlier in August, double the growth of the previous three months.
Magna forms e-powertrain joint venture in Chinaby Canadian Plastics
Canadian automotive parts supplier Magna International Inc. has entered into a joint venture agreement with Huayu Automotive Systems Co. Ltd. to produce an electric-drive powertrain system for a German automaker.
Ontario moldmaker Weber Manufacturing investing $7.9 million to expand its plantby Canadian Plastics
The project will boost the plant’s capacity by approximately 30 per cent and create 17 new jobs.
Magna to build new $100 million paint plant in Sloveniaby Canadian Plastics
Aurora, Ont.-based Magna said the paint shop will support its contract manufacturing site in Graz, Austria, about 75 kilometres away.
Capital investment in Canada’s auto sector well below pre-recession levels: reportby Canadian Plastics
The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”
Magna joins BMW, Intel in self-driving vehicle developmentby Canadian Plastics
The core partners are developing the self-driving platform for an application in 2021.
Canadian vehicle sales remained “hot” in September: Scotiabankby Canadian Plastics
U.S. purchases rebounded to a cycle-high in September, Scotiabank said.
Magna sweeps SPE Automotive Composites Conference awardsby Canadian Plastics
A carbon fiber subframe won for process innovation, a reclaimed carbon fiber body panel won for materials innovation, and both products tied for the People’s Choice award.
Magna opens new Shanghai engineering centreby Canadian Plastics
The centre will deliver the latest mirror and vision systems technologies to Asian markets.
NAFTA benefits Canadian and U.S. auto sector, not just Mexico’s: reportby Canadian Plastics
In Canada, auto industry output is advancing nearly four times faster than the overall growth rate of manufacturing as a whole, the new report from Scotiabank said.
Ford cuts production at five North American plantsby Canadian Plastics
The Detroit-based automaker has announced shutdowns of between one and two weeks at several assembly plants making small cars, sports cars, sedans, and vans.
Magna expands in Alabama with aluminum casting facilityby Canadian Plastics
Ontario-based automotive parts maker Magna International Inc. is expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Ala. Magna invested approximately US$60 million to add the 150,000-square-foot facility. At full capacity, the expansion has the potential…
Record-setting Canadian vehicle sales continued in August: Scotiabankby Canadian Plastics
U.S. fleet volumes began to stabilize from the double-digit decline of recent months, Scotiabank also said.
Global auto sales to set eighth consecutive annual record in 2017: reportby Canadian Plastics
The expanding global economy is leading to a re-acceleration in global auto sales, Scotiabank’s latest Global Auto Report said, and this economic growth is also lifting purchases in Canada
Magna invests in Israeli automated vehicle tech firm Innovizby Canadian Plastics
Innoviz designs Lidar sensors, a key piece of technology in the auto industry’s shift to self-driving cars.
Toray to build PPS resin compound production facility in Hungaryby Canadian Plastics
The new PPS plant will be located in the Hungarian city of Nyergesujfalu at the European headquarters of Toray’s U.S. subsidiary Zoltek Inc.
Adient buying automotive seating supplier Futuris Groupby Canadian Plastics
Automotive seating maker Adient PLC is acquiring competitor Futuris Group for US$360 million. Futuris, owned by affiliates of Clearlake Capital Group, is a global designer and manufacturer of fully integrated automotive seating and interior systems. Headquartered in Oak Park, Mich.,…