Indian auto parts company expanding operations to Ontario
Plastic Component Industries will invest $4 million in the new facility.
Martinrea says recent union deals could boost Canadian manufacturing
$5 billion-worth of investments announced this fall offers auto parts suppliers work to win.
Linamar withdraws 2020 financial outlook over virus impact
Auto parts manufacturer moved quickly to cut costs and capital spending, expects to be profitable for the year.
Uni-Select furloughs half of its 6,000 auto parts and paint employees
28% of its sites are operating on reduced hours while 7% are operating on a very limited basis.
Magna withdraws guidance due to business uncertainty of COVID-19 outbreak
The auto parts company said many of its plants have reduced or suspended operations because of the outbreak
Martinrea to buy structural components business from Mexico-based Metalsa
Canadian auto parts company will acquire six plants around the world with approximately 2,000 employees.
Magna cuts 2019 outlook after GM strike in US cuts volume
Expects total sales this year of between $38.7 billion and $39.8 billion.
Canadian auto sector starting to feel effect of GM strike in US
Companies are looking to adjust production schedules to adapt to the disruption.
Ontario offers technology, training funding for auto parts suppliers
Will contribute to technology adoption and lean manufacturing efforts.
Auto parts maker Magna reduces profit guidance for 2019
Expects light vehicle production in North America and Europe to fall shot of an earlier forecast.
Auto parts maker Magna reports $456M Q4 profit, ups dividend
Will now pay quarterly 36.5 cents per share, up from 33 cents per share.
Brose to cut 100 jobs in London as auto market shifts
Adjusting production capacity at the manufacturing facility to meet shifting customer demand.
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.
Feds to invest $49M to support advanced manufacturing at Linamar
Ontario will provide a conditional grant of up to $50 million.
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.
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.
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.
StatsCan says manufacturing sales fall 0.2% in August
Decrease caused by a drop in the petroleum and coal industry, and auto and aerospace products and parts.
Linamar bids $1.16B for France’s Montupet
Auto parts maker aims to become a global leader in aluminum components.
Halla Visteon awarded $2.175M to launch new auto parts line at Belleville plant
Project to create up to 70 jobs and maintain 25 position.
Ford doubles parts purchasing in Morocco
US automaker will also open a sales office in the North African kingdom.
Martinrea posts record $30.4M Q1 profit
Increase driven by North America and Europe operating segments.