Operations
Postmedia sells Toronto printing plant for $30.5M
Media company acquired the facility as part of its agreement to buy Sun Media’s English-language properties in 2015.
Honda profits up 19% on sales, cost cuts
Automaker expects to sell 5.08 million vehicles for the fiscal year through March 2018.
Peugeot-maker PSA finalizes Opel, Vauxhall takeover
Company names new management in an attempt to chart a turnaround.
Northstar Aerospace must safeguard pension plan, union says
Union says the company’s workers are being asked to swallow a 25% pension cut.
Feds invest $10M to build “smart factory” at Manitoba aerospace training facility
Project is worth more than $15 million, including investments from local partners.
Foxconn steering clear of Trump’s $30 billion investment claim
US President says Foxconn’s CEO told him of plans to invest $30 billion across the US was “off the record,” company won’t confirm details.
200 kgs of hash found in shipment of chocolate bars in Halifax
Mississauga, Ont., man faces multiple drug and importation charges.
Most automakers slow to fix dangerous air bags
Close to 10 million inflators with the highest risk of rupturing remained in use as of the end of March, analysis finds.
Daimler stands by diesel despite growing controversy
Q2 net profit up a scant 2% compared with a year ago, to $2.9 billion.
Trump to announce Foxconn plant in Wisconsin
The iPhone assembler revealed plans to invest in a $7 billion plant that would employ 5,000 workers in January.
Volkswagen exec jailed in US diesel scandal to plead guilty
US District Judge refuses to release Oliver Schmidt on bond from a Michigan jail, saying he might flee.
BMW to build electric Mini in England despite looming Brexit
Company said it has neither sought nor received assurances it would not be hit with border taxes when it ships parts to Britain.
Norbord reopens 100 Mile House mill in BC following evacuation order
Mill was shutdown July 10 to comply with evacuation orders caused by raging wildfires in the area.
Volkswagen emissions scandal settlement reaches $1.3 billion
Environmental regulators say some of the vehicles emitted up to 40 times the allowed levels of nitrous oxides.
Wisconsin working on incentives to lure iPhone-maker Foxconn
Taiwanese manufacturer is considering a $7 billion US plant that could employ up to 10,000 people.
