Global automotive aftermarket will grow in 2018: reportby Canadian Plastics
The new report, by market research firm Frost & Sullivan, says that global automotive aftermarket demand will increase by 4.4 per cent during 2018, with a slowdown anticipated in some developed markets.
Magna celebrates a first in grand opening at South Carolina seat facilityby Canadian Plastics
For the first time in its history, the Canadian auto parts supplier will supply seats to the BMW Group.
Magna partners to develop self-driving systemsby Canadian Plastics
Automotive parts supplier Magna International Inc. is partnering with Lyft, one of North America’s fastest growing rideshare companies, to jointly fund, develop, and manufacture self-driving systems.
Woodbridge Group forms joint venture with Inoacby Canadian Plastics
The technical foam facilities of Mississauga, Ont.-based Woodbridge and Inoac in North America and South America will operate under the name Woodbridge Inoac Technical Products.
Magna opens new composites centre in Germanyby Canadian Plastics
Automotive parts supplier Magna International Inc. has opened a new European composites centre of excellence in Esslingen, Germany, to develop lightweight structural parts and exterior components in advanced materials for European automomakers.
First-ever all-electric Jaguar unveiled at Magnaby Canadian Plastics
The Jaguar I-PACE is the second Jaguar Land Rover model built by Magna. The first, the Jaguar E-PACE, made its debut in 2017.
Record-setting vehicle sales pace continues in Canada: Scotiabankby Canadian Plastics
But U.S. purchases were mixed in February, Scotiabank said, with each of the Detroit automakers reporting lower sales.
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.