Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiationsby Canadian Plastics
The Canadian automotive parts maker – which has manufacturing operations in all three NAFTA countries, China and throughout Europe – reduced its estimate for total sales in 2018 by 1.4 per cent from its previous outlook.
Canadian vehicle sales down in July: Scotiabankby Canadian Plastics
The drop was led by poor Fiat-Chrysler sales, which recorded their worst month since early-2014.
Global auto sales expanded at a solid pace in the first half of 2018: reportby Canadian Plastics
But cracks are beginning to appear in certain emerging economies, a new report from Scotiabank says, and the threat of rising U.S. protectionism seems to have impacted vehicle sales in China.
Tooling industry business “slower than expected” so far in 2018: reportby Canadian Plastics
According to the Q2 2018 Automotive Tooling Barometer, both die and mold shops in North America experienced a decrease in utilization from Q1 2018 to Q2 2018, with a significant amount of business being pushed to the second half of the year.
Canadian vehicle sales fall for third consecutive month: Scotiabankby Canadian Plastics
But sales in the U.S. continue to beat expectations on the back of strength in trucks, Scotiabank’s new report says.
Manufacturing sales grew 1.9 per cent in February: StatsCanby Canadian Plastics
The federal agency says sales were up in 14 of 21 industries, representing 72.2 per cent of the manufacturing sector.
Instrument cluster market to be worth $10 billion by 2023: reportby Canadian Plastics
And driven by increasing production and the growth of government regulations, the global market for instrument clusters will be worth US$9.02 billion in 2018, the report from MarketsandMarkets says.
Canadian vehicle sales down in March: Scotiabankby Canadian Plastics
But U.S. sales were much stronger than expected last month, Scotiabank said, buoyed by healthy economic activity.
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%.
Covestro had “outstanding” fiscal year in 2017by Canadian Plastics
Driven by a high demand for high-performance plastics and significantly higher margins, the Germany-based company increased group sales by 18.8 per cent to 14.1 billion euros over the past fiscal year.
Milacron reports growth in Q4 2018by Canadian Plastics
The Cincinnati, Ohio-based processing machinery maker reported US$325 million in sales in the fourth quarter of 2017, which represents a nine per cent increase over Q4 2016.
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.
International Monetary Fund raises outlook for Canadian economyby Canadian Plastics
Citing the U.S. tax cuts passed last year, the IMF boosted its projections of Canada’s economic performance for 2018 and 2019.
Red tape costs Canadian businesses $10 billion per year: studyby Canadian Plastics
Canada’s businesses are being strangled by stringent and often unnecessary regulation, a new report from the Canadian Federation of Independent Business says.
Manufacturing sales hit record high in November: StatsCanby Canadian Plastics
Statistics Canada said 12 of 21 industries, representing 81 per cent of the manufacturing sector, gained ground in November. Manufacturing sales volumes rose 2.5 per cent for the month after higher petroleum prices and other price changes were removed.
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.