Magna’s profits are up, increases NA outlook
Magna International Inc. raised its dividend 10% Feb. 23 after reporting fatter net profits in the latest quarter as Canada’s largest auto parts maker benefited from a recovery in the North American auto sector.
Autoparts makers to pay $548 million for price-fixing
Yazaki Corp. and DENSO Corp. have become the centre of the biggest anti-trust investigation in U.S. history
Magna raises sales 2012 outlook 8%
Magna International Inc. is raising sales predictions by as much as 8% in 2012 as the auto parts maker looks to new markets for growth.
Toyota/Honda cut NA output to preserve parts supply
Honda’s assembly plants in Canada will be part of a dramatic international slowdown by the Japanese automaker, which is suffering from a parts shortage due to flooding in Thailand.
$100B in lost output to China coming home: BCG
Manufacturing in China for North American markets is not as cost-effective as it once was, and it appears some of the lost US production may be coming back.
2015 the earliest for full production recovery
It’s going to take until 2015, at the earliest for many Canadian industries to hit pre-recession levels of production, says a Conference Board of Canada report.
Japan’s recovery offers opportunities for auto parts
Japanese automakers will be evaluating their global supply chains following the March 11 earthquake, tsunami and nuclear plant disasters, which will impact Canadian auto parts suppliers.
Magna to build new $100M parts plant in Mexico
Car parts maker Magna International Inc. will build a new factory in Mexico to produce stamped and welded assemblies for several automakers.
Auto workers are saying, “Enough”
It’s been two years since the financial sector’s recklessness and greed plunged the world economy into recession and cost millions of people their jobs. Now we face stark choices about the kind of future we want.