auto parts
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.
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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.
