Mitsubishi Electric fined $13.4M by Ontario court for car parts bid rigging
Competition Bureau rules the auto parts manufacturer entered illegal agreements with a competing Japanese manufacturer.
Manufacturer cited with safety violations after robotic machine kills woman
The 20-year old woman had entered a robotic station to clear a sensor fault after the assembly line had stopped.
Magna to acquire BOCO Group
Deal increases its capacity to make automotive latches, hinges and other closure components.
Wynne affirms Ontario commitments to auto, environment
Ontario premier headlines annual Auto Parts Manufacturers Association gathering.
Johnson Controls spending $245M on North American battery plants
Investment largely will be in the US and will add jobs at multiple locations.
Magna to buy Stadco metal stamping business for Cosma division
Stadco produces steel and aluminum stampings as well as complex vehicle assemblies; value of deal not disclosed.
Magna to buy Getrag transmission group for $2.5B
German company supplies transmissions to automakers including Ford, BMW, Daimler and Volvo.
Canada’s auto industry driving towards increased profits
Production expected to grow by 2.5%; weaker loonie will increase profits to $2.3 billion this year.
Auto suppliers have work to do to keep pace globally
Pressure from Mexico, Southern US and CAFE requirements provide growth potential for auto parts manufacturers, conference hears.
Martinrea posts record $30.4M Q1 profit
Increase driven by North America and Europe operating segments.
Q&A with Don Walker: Magna CEO heads CAPC and the drive for auto investment
While there’s been some good work to ensure auto investment grows, the government must do more to ensure the industry thrives.
Magna’s PureView window wins 2015 PACE Award
Seamless rear unit debuts on 2015 Ford F150 pick-up truck.
Uni-Select sells US auto parts business to Icahn Enterprises for US$340M
Sale includes 39 distribution centres and 240 corporate stores that employ nearly 3,000 people.
Linamar gets $101M in federal, Ontario funds for $507M expansion
Auto parts manufacturer has promised to create 1,200 jobs at its Guelph, Ont. plant over the next 10 years.
Martinrea Q3 profit drops to $19.4M
Revenues hit a record $859.5M, up from $767.9 million.