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.
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.
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…
U.S. fleet volumes began to stabilize from the double-digit decline of recent months, Scotiabank also said.
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
Innoviz designs Lidar sensors, a key piece of technology in the auto industry’s shift to self-driving cars.
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.
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.,…
“The year over year growth was achieved despite North American and European light vehicle production declining by 3% and 1%, respectively, both compared to the second quarter of 2016,” Aurora, Ont.-based Magna said in an Aug. 11 statement.
Results of the new 17th annual North American Automotive OEM-Supplier Working Relations Index study revealed that GM now ranks ahead of Fiat-Chrysler US, Ford and Nissan, which is now in last place.
The plant, which is scheduled to open in 2021, will employ up to 4,000 workers and have an annual production capacity of about 300,000 vehicles. It will build Toyota Corollas and new Mazda cross-over models for the North American market.
Production will start later this year at Magna’s contract vehicle manufacturing facility in Graz, Austria.
Schwertberg, Austria-based Engel said it has added the extra space at its Center for Lightweight Composite Technologies, which works to speed up introduction of new technologies on the market.
In the United States, meanwhile, most automakers reported better-than-expected sales last month, as demand continues to shift to crossovers, SUVs and pickup trucks, Scotiabank said.
The project, involving Magna, the Michigan Department of Transportation, and global science company 3M, is among the first to test vehicle-to-infrastructure connectivity in the U.S.
Goss Global SA de CV is moving its global headquarters to London, Ont., and opening a $5 million manufacturing and research and development facility there in a bid to expand into the U.S. from Canada.
An improved Prairie Provinces outlook is powering new vehicle purchases by Canadian businesses to a 10-year high, a new report from Scotiabank says.
Wittmann Battenfeld Inc., the U.S. branch of Austrian plastics processing equipment maker Wittmann Group, has won filtration specialist and customer Mann+Hummel USA Inc.’s NAFTA 2016 Supplier Excellence Award for “Customer Service and Reliability.”
As reported by the Associated Press, union officials say the Lordstown plant, which makes the Chevy Cruze, and the Fairfax plant in Kansas City, which makes the mid-size Chevy Malibu, will close for as many as five weeks.
The headlights will have their market debut on the 2018 Chevrolet Traverse.