Operations
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.
Layoffs begin at Carrier plant that drew Trump’s criticism
Carrier announced in 2016 that it would close the Indianapolis plant and cut 1,400 jobs to save $65 million.
Border tax, NAFTA exit will hurt US auto sector, study says
Boston Consulting Group says a 15% border tax would cost US automakers and suppliers $22 billion per year.
Aurora signs technical services agreement with Australia’s Cann Group
Agreement scheduled to conclude at the end of 2022.
Manufacturing sales gain 1.1% in May: StatsCan
Sales up in 16 of 21 industries, representing 71% of the manufacturing sector.
Daimler recalls 3 million vehicles to ease diesel doubts
Automaker expects recall to cost $254.21 million.
Magna adds Jaguar SUV to contract manufacturing line-up
E-PACE production is expected to begin in Q4.
Driver blames Tesla’s autopilot feature for crash
Minnesota man says the car accelerated suddenly on its own, veered into a marsh and overturned.
Lumber prices see ‘major jump’ after BC wildfires
Analysts say price hike is due partly to a limited supply as mills across the province shutdown due to the fires.
