Production
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Unifor’s Dias calls GM contract offer to striking workers “fluff”
Says the offer it still allows the company to shift its resources away from the Ingersoll plant.
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Stelco files for IPO to fund steelmaker’s production capabilities
Proceeds also to fund early payment to certain pension and other post-employment benefits trusts.
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Ontario WSIB lowering average rates 3% for 2018
$760 million to remain in the Ontario economy following latest cut.
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Feds reviewing budgets and schedules for new resupply ships, icebreaker
Construction of three offshore fisheries science vessels for the coast guard is delayed.
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GF Linamar JV wins $300M order for lightweight components
Magnesium components will be produced at a new plant in Mills River, NC, to open in October.
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Tesla starts producing solar cells in Buffalo
Company hopes to scale cell production beyond two gigawatts annually.
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Magna invests in solid-state LiDAR developer Innoviz
Expands existing collaboration with solid-state LiDAR technology innovator to advance autonomous vehicle technologies.
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Bombardier vows to restore credibility after losing out on NY subway contract
New York’s transportation authority says the company won’t be awarded a $3.2 billion subway car contract because of past delays.
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Redpath Sugar invests $5.2M for new packaging lines at Belleville plant
Project will create 80 jobs and retain 291 positions; includes $624K provincial investment.
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Toromont to acquire Quebec’s Hewitt Group for $1.02B
Deal will combine two of Canada’s largest heavy equipment distributors.
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Volkswagen engineer gets prison, $200K fine in diesel scandal
Robert Liang has been sentenced to a 40-month prison sentence.
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Ontario bleacher manufacturer lands $180K provincial investment
Sport Systems Canada is using the funding to support a $1.83 million expansion project.
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LG breaks ground on $250M appliance plant in Tennessee
One million-square-foot facility is expected to create 600 new jobs.
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Globalized auto industry vulnerable to new Brexit borders
A Brexit agreement that creates new tariffs and increases vehicle costs is no small problem for consumers.
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CPP reform could lift plan’s assets above $15 trillion by 2090
Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
