August 8, 2018 News

Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiations

by 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.

August 3, 2018 News

Canadian vehicle sales down in July: Scotiabank

by Canadian Plastics

The drop was led by poor Fiat-Chrysler sales, which recorded their worst month since early-2014.

July 31, 2018 News

Global auto sales expanded at a solid pace in the first half of 2018: report

by 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.

July 23, 2018 News

Tooling industry business “slower than expected” so far in 2018: report

by 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.

June 4, 2018 News

Canadian vehicle sales fall for third consecutive month: Scotiabank

by Canadian Plastics

But sales in the U.S. continue to beat expectations on the back of strength in trucks, Scotiabank’s new report says.

April 17, 2018 News

Manufacturing sales grew 1.9 per cent in February: StatsCan

by Canadian Plastics

The federal agency says sales were up in 14 of 21 industries, representing 72.2 per cent of the manufacturing sector.

April 9, 2018 News

Instrument cluster market to be worth $10 billion by 2023: report

by 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.

April 4, 2018 News

Canadian vehicle sales down in March: Scotiabank

by Canadian Plastics

But U.S. sales were much stronger than expected last month, Scotiabank said, buoyed by healthy economic activity.

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 21, 2018 News

Covestro had “outstanding” fiscal year in 2017

by 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.

February 20, 2018 News

Milacron reports growth in Q4 2018

by 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.

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 24, 2018 News

International Monetary Fund raises outlook for Canadian economy

by 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.

January 22, 2018 News

Red tape costs Canadian businesses $10 billion per year: study

by 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.

January 22, 2018 News

Manufacturing sales hit record high in November: StatsCan

by 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.

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.