AutoCanada outlines expansion goalsAug. 11
AutoCanada Inc., one of Canada's largest dealership groups, says its expansion goals for the next five years include a better balance of brands and a stronger coast-to-coast presence.
Magna Q2 profits hit record on 3% revenue gainAug. 11
Magna International Inc. reported record second-quarter net income of $561 million, up 0.5 per cent from a year earlier. Sales in Asia surged 10 per cent while they were up only slightly in North America.
Martinrea's adjusted Q2 profits rise 26% on efficiency gainsAug. 8
Ontario metal parts supplier Martinrea posted a boost in net income and profit margins during the second quarter after taking one-time charges for closing a plant in Detroit a year ago.
Honda posts profit increase as weak N.A. is offset by Asia demandAug. 1
Honda Motor Co. reported a slight rise in operating profit in the latest quarter as rising costs and foreign exchange losses weighed down gains from rising sales, including a 9.3 increase in Canada.
Tooling companies told to brace for a crashAug. 1
North American tool-and-die makers, including those in Canada, are facing a business downturn in three to four years that will be severe enough to put many of them out of business, a top industry consultant says.
FCA Q2 operating profit rises 15%July 27
Fiat Chrysler Automobiles' second-quarter operating profit increased 15 per cent to USD $2.19 billion (C $2.73 billion) despite roughly flat shipments and revenue.
Ford profit edges up on lower tax rateJuly 26
Ford Motor Co. said its second-quarter net income was up 3.7 per cent from the same period a year ago because of a favorable tax rate. Meanwhile, Canadian sales soared nearly 11 per cent in the quarter.
GM Q2 net drops 42% on Europe exitJuly 25
While its sales soared in Canada, General Motors said its net income dropped 42 per cent in the second quarter, primarily because of the pending sale and restructuring of its European operations.