Martinrea loses $146.9M in Q2 on 51% drop in sales due to COVID-19
The autoparts manufacturer says it expects a strong third quarter as automakers replenish low vehicle inventories
Ontario mobilizing manufacturing to fight COVID-19
New website seeks ideas, solutions, innovations to ramp up production of needed coronavirus supplies.
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.
Martinrea earnings up 28% in Q3 despite GM strike
$4 billion revenue target pushed back to 2021 after several auto companies pushed back vehicle programs.
Martinrea to shut Ajax parts plant when GM ends Oshawa production
Plant is entirely dependent on GM’s assembly line, 77 workers to be relocated.
Auto parts maker Martinrea outperforms Q1 estimates
Q2 looks even stronger: estimating adjusted earnings of between 49 and 53 cents per share.
Martinrea posts record $30.4M Q1 profit
Increase driven by North America and Europe operating segments.
Martinrea swings to profit of $11.9M in Q4
Quarterly sales a record at $941.8 million.
Martinrea Q3 profit drops to $19.4M
Revenues hit a record $859.5M, up from $767.9 million.
Martinrea Q2 profit down from 2013, but up from Q1
Auto parts manufacturer’s revenue hits record high 12.7% to almost $931 million.
Martinrea subsidiary to build Kansas auto parts plant
Will manufacture engine cradles and automotive assemblies for GM.
Martinrea looking for new CEO
Autoparts manufacturer also announces $51.4 million net loss for the three months ending Dec. 31.
Ford shortens summer shutdowns to boost production
Vehicle sales are up in April but down for the year in China, but business is booming in North America where Ford Motor Co. is adding a week of production several plants.