Industry News
May 21, 2019 – Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another.
May 21, 2019 – Canada collected more than $1.27 billion from the retaliatory tariffs on U.S. products over the last year and all of it will go to the Canadian steel and aluminum industry even though the steel trade war with the United States is over.
May 20, 2019 – Ford is cutting about 7,000 white-collar jobs, which would make up 10 per cent of its global workforce.
May 17, 2019 – The lifting of U.S. tariffs on imported steel and aluminum from Canada is receiving a positive but guarded welcome from industry.
May 17, 2019 – Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies – lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe.
May 17, 2019 – President Donald Trump's decision today to delay auto tariffs on Japan and Europe is generating fresh hope that there might be an end in sight to his punitive levies on Canadian steel and aluminum imports.
May 16, 2019 – Statistics Canada says manufacturing sales increased 2.1 per cent to $58.0 billion in March, boosted by the transportation equipment, petroleum and coal product, and primary metal industries.
May 13, 2019 – Rockwell Automation has added five new companies to its PartnerNetwork industrial automation program, and two existing members have expanded to serve the EMEA region.
May 13, 2019 – The fate of a shuttered General Motors plant in Ohio remains very much up in the air even after a tweet from President Donald Trump heralded the potential sale of a factory he has shown an intense interest in saving.
May 13, 2019 – Onex Corp. has signed a friendly deal to buy WestJet Airlines Ltd. in a transaction it valued at $5 billion, including assumed debt.
May 10, 2019 – President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade strains.
May 9, 2019 – General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks.
May 9, 2019 – Pratt & Whitney, a division of United Technologies Corp., has appointed Maria Della Posta as president of Pratt & Whitney Canada, effective June 1 and reporting to Pratt & Whitney President Bob Leduc.
May 9, 2019 – Magna International Inc. cut its outlook for the year as it lowered its expectations for auto production and reported sales in its latest quarter fell compared with a year ago.
May 8, 2019 – The union representing Canada's auto workers claimed a partial victory Tuesday after General Motors Canada announced its Oshawa, Ont., plant, which was slated to close later this year, will be converted to a part-stamping and autonomous vehicle testing facility.
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