auto parts
Magna International buying Spanish automotive seat maker Viza Geca SL
Magna will acquire factories in Spain, the Czech Republic, Morocco and Mexico.
Oil surges and loonie rises but markets muted on new NAFTA deal
Increase is directly attributable to the trade deal.
Magna posts higher income and record sales in Q4
Sales increase came as light vehicle production rose 7% in Europe and 5% in North America.
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Feds to invest $49M to support advanced manufacturing at Linamar
Ontario will provide a conditional grant of up to $50 million.
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Auto sector reps criticize CEOs for pushing Canada to join new TPP
They say it’s bad for the small and medium-sized auto parts companies and their employees.
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Auto disruption: APMA focuses on tech, trade and Trump
The automotive parts association’s annual conference for suppliers set a positive note despite uncertainties globally and closer to home.
Judge OKs Takata request to halt some lawsuits over air bags
Auto parts maker said allowing the lawsuits to proceed would jeopardize its restructuring efforts.
Delphi to spin off powertrain unit into separate company
New company will design and make components that enhance efficiency and vehicle performance.
Auto parts maker Martinrea outperforms Q1 estimates
Q2 looks even stronger: estimating adjusted earnings of between 49 and 53 cents per share.
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.
Ross hints at key NAFTA priority: Stricter rules on auto parts
Trump’s point man on trade says rules of can be tightened up “quite a bit.”
Wholesale sales up 0.3% in July at $56.5B: StatsCan
Motor vehicle and parts subsector leads increases, growing by 2% to $11.1 billion.
Johnson Controls spending $245M on North American battery plants
Investment largely will be in the US and will add jobs at multiple locations.
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Manufacturing sales hit new record in January, up 2.3%: StatsCan
Increase came from higher sales of motor vehicles, food and motor vehicle parts.
Auto sector boosts retail sales in August to $43.6B
Sales at motor vehicle and parts dealers increased 2% in August, the seventh consecutive increase.
