News Automotive Manufacturing General
April 21, 2020  

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.

News Automotive Manufacturing General
April 1, 2020  

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.

News Automotive General
March 31, 2020  

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

News General
December 19, 2019  

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.

News Automotive Manufacturing General
November 11, 2019  

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.

News Automotive Manufacturing General
September 18, 2019  

Canadian auto sector starting to feel effect of GM strike in US

Companies are looking to adjust production schedules to adapt to the disruption.

News Automotive Government Manufacturing General
September 10, 2019  

Ontario offers technology, training funding for auto parts suppliers

Will contribute to technology adoption and lean manufacturing efforts.

News Automotive Manufacturing General
May 9, 2019  

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.

News Automotive Manufacturing General
February 22, 2019  

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.

News Automotive Manufacturing General
February 4, 2019  

Brose to cut 100 jobs in London as auto market shifts

Adjusting production capacity at the manufacturing facility to meet shifting customer demand.

News Automotive Manufacturing General
December 18, 2018  

Magna International buying Spanish automotive seat maker Viza Geca SL

Magna will acquire factories in Spain, the Czech Republic, Morocco and Mexico.

News Automotive Government Oil & Gas General
October 1, 2018  

Oil surges and loonie rises but markets muted on new NAFTA deal

Increase is directly attributable to the trade deal.

News Automotive Manufacturing General
February 22, 2018  

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.

News Automotive Manufacturing General
January 15, 2018  

Feds to invest $49M to support advanced manufacturing at Linamar

Ontario will provide a conditional grant of up to $50 million.

News Automotive Government Manufacturing General
December 20, 2017  

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.