Magna will acquire factories in Spain, the Czech Republic, Morocco and Mexico.
Increase is directly attributable to the trade deal.
Sales increase came as light vehicle production rose 7% in Europe and 5% in North America.
Ontario will provide a conditional grant of up to $50 million.
They say it’s bad for the small and medium-sized auto parts companies and their employees.
The automotive parts association’s annual conference for suppliers set a positive note despite uncertainties globally and closer to home.
Auto parts maker said allowing the lawsuits to proceed would jeopardize its restructuring efforts.
New company will design and make components that enhance efficiency and vehicle performance.
Q2 looks even stronger: estimating adjusted earnings of between 49 and 53 cents per share.
Competition Bureau rules the auto parts manufacturer entered illegal agreements with a competing Japanese manufacturer.
Trump’s point man on trade says rules of can be tightened up “quite a bit.”
Motor vehicle and parts subsector leads increases, growing by 2% to $11.1 billion.
Investment largely will be in the US and will add jobs at multiple locations.
Increase came from higher sales of motor vehicles, food and motor vehicle parts.
Sales at motor vehicle and parts dealers increased 2% in August, the seventh consecutive increase.