OTTAWA (CP) - Canadian and North American car sales will hit new post-recession peaks this year, predicts a new Scotiabank report, in another indication the hard-hit auto industry is recovering after being on the verge of collapse four years ago.
Automakers reported their best sales year in a decade as Canadians bought nearly 1.68 million new vehicles in 2012, up almost six per cent for the year.
December, 06 2012
Ottawa, December 6 — After posting record growth in 2012, Canadian auto parts production is forecast to expand at a more modest but still strong pace in 2013, according to The Conference Board of Canada’s Industrial Outlook: Autumn 2012 for the motor vehicle parts manufacturing industry.
TORONTO (CP) - The world's five-largest automakers are on track to post the industry's most profitable year on record - continuing an upward trend that is likely to continue for some time, according to a report from Scotiabank.
GUELPH, Ont. (CP) - Linamar Corp. said Tuesday it is turning a greater focus to markets outside of North America as the Ontario-based auto parts manufacturer posted stronger fourth-quarter results.
Troy, Michigan – Seco has announced the launch of a new website designed to provide support to manufacturers serving the automotive industry. The site also provides information of value to manufacturers producing components for agricultural, construction and small engine applications.
Strong sales gains have driven the global auto industry back to profitability, according to the latest Global Auto Report released earlier this month by Scotia Economics.
Quebec's exports are forecast to increase by 9 per cent this year, followed by more modest growth of 5 per cent next year, according to the Provincial Export Forecast released earlier this month by Export Development Canada (EDC). Quebec's exports have declined in 5 of the past 10 years. Meantime, Ontario's export sales are set to grow by 15 per cent in 2010 and a further 7 per cent in 2011.
February, 07 2011
February, 01 2011
Linamar Corporation announced February 1st that, pursuant to a conciliation proceeding under French law, subsidiaries of Linamar have agreed with the Famer Group of companies and Famer's principal creditors to acquire the assets of Famer's three commercial and industrial components businesses and that the Commercial Court in Lyon, France has approved the agreement.