Higher margins from completed vehicles help offset hit from GM strike as Canadian auto manufacturer warns of potential impact of coronavirus.
Manufacturing outlook: The coming week will give some insights into the outlook for manufacturing activity in the Northeast region via the Empire State Manufacturing Index. The overall segment remains depressed and sustained rise is not expected through the first quarter. Construction outlook: There will be updates for housing and construction from housing starts, building permits, […]
Canadian auto manufacturer says it will stop developing self-driving technology with the U.S. ride-sharing company as it announces lower sales outlook for 2020.
Plunge in vehicle and auto parts shipments drive broader softness as manufacturing sales drop 0.7% in October.
Automaker reducing output and laying off about 450 workers at Oakville, Ontario, facility as its phases out Ford Flex and Lincoln MKT models, adding to woes of Canada’s auto sector.
Toyota recently announced a $391 million investment at its Tacoma and Tundra assembly plant in San Antonio. In addition, Aisin AW, a Japanese auto supplier to Toyota in San Antonio, also announced it will be building a $400 million facility in nearby Cibolo, Texas, adding 900 jobs. “We’ve been in the United States for more […]
Mexico, one of the biggest exporters of vehicles in the world, experienced a 12.7% drop in total vehicle exports in August from a year ago. Manufacturers shipped 281,811 units last month compared to 322,779 vehicles in August 2018, according to the Mexican National Institute of Statistics and Geography (INEGI) and the Mexican Association of the […]
Fiat Chrysler submitted a proposal for a merger with French automaker Renault to create a preeminent global automotive group.
