GM investing $250 million in western Ontario assembly plantby Canadian Plastics
General Motors Canada is investing $250 million in its assembly plant in Ingersoll, Ont., to “support future vehicle production,” the automaker announced.
Surge in global vehicle sales and production: Scotiabankby Canadian Plastics
Stronger-than-expected passenger vehicle sales combined with sharp gains in global vehicle production will provide a boost to global economic activity, the Scotiabank Global Auto Report has concluded.
Demand for automotive plastics to top US$18 billion by 2016by Canadian Plastics
The global automotive plastics industry market is projected to reach US$18.9 billion by 2016, primarily supported by the end-users, according to a new study by research firm Research and Markets.
2012 second-highest year on record for Canadian auto salesby Canadian Plastics
Canada’s automotive sector enjoyed its second-best year ever in 2012, selling more than 1.6 million vehicles.
Toyota gets $34 million for investment in Cambridge plantby Canadian Plastics
Toyota Motor Manufacturing Canada (TMMC) has received a $34 million investment from the Federal and Ontario governments to fund the construction of new assembly lines and add jobs at its Cambridge, Ont. manufacturing facility.
Toyota back on top as world’s biggest-selling automakerby Canadian Plastics
Toyota has officially reclaimed its ranking as the world’s top automaker.
Magna International investing in new auto parts plants in Michiganby Canadian Plastics
Canadian auto parts supplier Magna International Inc. has some big plans in Michigan.
Magna forecasts global sales up to $32.7 billion in 2013by Canadian Plastics
Auto parts supplier Magna International Inc. is expecting sales of up to US$32.7 billion from its global operations in 2013, half of which will come from the sale of parts to North American manufacturing operations.
GM crossovers win big at SPE auto innovation awards; Canadian shops front and centreby Canadian Plastics
Crossover cars from General Motors were the big winners at the 2012 Society of Plastics Engineers (SPE) Automotive Innovation Awards held on November 7 in Detroit, and a variety of Canadian shops played leading roles in other winning…
Automakers in Canada report record-breaking Octoberby Canadian Plastics
Canadian vehicle sales were up nearly seven per cent from a year ago, putting sales on track for what one analyst describes as a record year.
Magna strengthens position in auto pumps with two acquisitionsby Canadian Plastics
Automotive supplier Magna International Inc. will add to its strength in automotive pumps with two transactions, one in Europe and one in Canada.
DuPont sells auto painting business to Carlyle Groupby Canadian Plastics
DuPont Co. has struck a deal to sell its car paint business to Washington-based investment firm Carlyle Group LP for US$4.9 billion.
Driving into Chinaby Mark Stephen, editor
In a famous scene from the classic western Butch Cassidy and the Sundance Kid, Paul Newman convinces Robert Redford to pull up stakes for Bolivia by telling him, “If we were in business during the California gold rush, we’d have…
Despite hard times, global auto sales on the rise: Scotiabankby Canadian Plastics
Global car sales advanced 6% in the first half of 2012, despite the ongoing sovereign debt problems in Western Europe and a slowdown in the pace of global economic activity, according to a new global auto report by Scotiabank Economics.
Auto sales in Canada up 4.7% in Julyby Canadian Plastics
Fuelled by incentive programs and a strong surge at Japanese automakers whose production was crippled after last year’s earthquake and tsunami, Canadian auto sales grew 4.7% this July from a year earlier.
Record year possible for Canadian auto sales: BMOby Canadian Plastics
With Canadian auto sales setting a June record and the first half of the year close to the best six-month stretch on record, sales for all of 2012 will challenge the all-time mark of just over 1.7 million units set in 2002, according to BMO…
Dow Automotive opens two technology centresby Canadian Plastics
Dow Automotive Systems, a business unit of The Dow Chemical Company, has opened two new composite technology centres, one in Switzerland and the second in the U.S.
North American auto assembly will slow over the summer, recover by winter: Scotiabankby Canadian Plastics
North American auto assembly will slow down over the coming months but production is expected to rebound by the end of 2012, according to a new report by Scotiabank Economics.
SPE holding new composite auto parts competitionby Canadian Plastics
The Society of Plastics Engineers (SPE) will hold its first ever parts competition at this year’s SPE Automotive Composites Conference & Exhibition in September.
Dow Chemical awarded US$2.16 billion in arbitration with Kuwait companyby Canadian Plastics
An international arbitration panel has ruled that Dow Chemical Co., the largest U.S. chemical maker by sales, is to be awarded US$2.16 billion in damages after a Kuwait company canceled a 2008 agreement to buy a stake in the company’s…