News
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 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 – 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.
May 8, 2019 – German industrial equipment maker Siemens says it will cut some 10,000 jobs in a major restructuring that will involve spinning off its oil, gas and power generation business and creating new areas of growth.
May 7, 2019 – A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors.
May 3, 2019 – General Motors is recalling over 368,000 pickups and other trucks worldwide after 19 reports of fires caused by engine block heater cords.
May 3, 2019 – Tesla is increasing the amount of money it will attempt to raise to as much as $2.7 billion.
May 2, 2019 – Prime Minister of Canada Justin Trudeau was in attendance earlier this week for Toyota Motor Manufacturing Canada’s (TMMC) announcement that it will produce the Lexus NX and NX Hybrid at its Cambridge, Ontario production plant beginning in 2022.
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