April 1, 2018 News

Global automotive aftermarket will grow in 2018: report

by 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.

March 28, 2018 News

Magna celebrates a first in grand opening at South Carolina seat facility

by Canadian Plastics

For the first time in its history, the Canadian auto parts supplier will supply seats to the BMW Group.

March 21, 2018 News

Magna partners to develop self-driving systems

by 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.

March 10, 2018 News

Woodbridge Group forms joint venture with Inoac

by 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.

March 9, 2018 News

Magna opens new composites centre in Germany

by 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.

March 5, 2018 News

First-ever all-electric Jaguar unveiled at Magna

by 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.

March 2, 2018 News

Record-setting vehicle sales pace continues in Canada: Scotiabank

by Canadian Plastics

But U.S. purchases were mixed in February, Scotiabank said, with each of the Detroit automakers reporting lower sales.

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.