auto parts
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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.
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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.
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Delphi to spin off powertrain unit into separate company
New company will design and make components that enhance efficiency and vehicle performance.
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Auto parts maker Martinrea outperforms Q1 estimates
Q2 looks even stronger: estimating adjusted earnings of between 49 and 53 cents per share.
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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.
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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.”
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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.
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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.
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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.
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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.
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Linamar bids $1.16B for France’s Montupet
Auto parts maker aims to become a global leader in aluminum components.
