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Ruukki has opened new sales offices in Toronto, Canada and Santiago, Chile to serve its special steel customers in the Americas. Opening these new sales offices is in line with Ruukki's strategy to increase the share of special steel products…
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Linamar reports first quarter profit of $48.4M, up from $38.4M a year ago
Written by The Canadian Press May, 10 2013
GUELPH, Ont. (CP) - Linamar Corp. (TSX:LNR) said Wednesday it earned $48.4 million in its first quarter, up from $38.4 million a year ago, helped by improved margins.
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Magna International Q1 profit improves to $369M; revenue up at $8.36B
Written by The Canadian Press May, 10 2013
AURORA, Ont. (CP) - Magna International Inc. has reported an increase in first-quarter net earnings as the automobile parts manufacturer and vehicle assembly company increased sales despite a overall downturn in the industry.
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Leeco Steel, a leading global supplier of carbon, HSLA, heattreated and alloy plate steel, has secured a facility in Hamilton, Ontario. The distribution center will begin shipping plate steel this month. This is Leeco Steel’s first distribution center in Canada.
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Big jump in light truck sales helps push auto sales higher in April
Written by The Canadian Press May, 08 2013
TORONTO (CP) - Canadians shopping for a new truck helped drive auto sales up nearly nine per cent last month, according to sales figures compiled by DesRosiers Automotive Consultants last week.
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Canadian manufacturers optimistic about business growth in 2013, reveals SME Survey
Written by MP&P Staff April, 24 2013
Canadian manufacturers are expecting business activity to increase in 2013 despite some uncertainty in the economy, reports a recent survey by the Society of Manufacturing Engineers (SME), producer of the Canadian Manufacturing Technology Show (CMTS) 2013, to be held at…
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Three European aerospace firms to set up in Montreal, create nearly 200 jobs
Written by Ross Marowits for The Canadian Press April, 24 2013
MONTREAL - Demand for aerospace engineers will accelerate over the next few years as three European companies announced plans that create nearly 200 jobs in Montreal.
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Honda recalling more than 20,000 SUVs, minivans to fix brake shifters
Written by The Associated Press April, 21 2013
DETROIT (AP) - Honda is recalling more than 225,000 minivans and SUVs in North America - including 20,800 in Canada - to fix a problem with the automatic shifters.
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Nissan recalls Pathfinder, Infiniti SUVs from 2013 model year for brake fix
Written by The Associated Press April, 21 2013
DETROIT (AP) - Nissan is recalling more than 20,000 Nissan and Infiniti SUVs, including almost 900 in Canada, because a brake part can fail and make it harder for the driver to stop the car.
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General Motors, Ford, to work together on new gas saving automatic transmissions
Written by Tom Krisher for The Associated Press April, 16 2013
DETROIT (AP) - General Motors and Ford are putting aside their longstanding rivalry to work together to develop a new generation of fuel-efficient automatic transmissions.
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