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International Automotive Components Group (IAC) named former Magna International executive Manfred Gingl to the post of CEO.
Magna's $200-million investment and partnership with ride-hailing company Lyft is the latest example of auto companies collaborating on self-driving technology.
Canadian auto parts supplier Magna International Inc. will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday.
Canada's advanced manufacturing supercluster is designed to develop the next generation of automation technology that could address the chronic shortage of skilled labour plaguing auto suppliers.
International Automotive Components Group said it hired Natale Rea to replace auto industry veteran Robert "Steve" Miller as its president and interim CEO.
The Trump administration made good on its threat to slap Canada with hefty steel and aluminum tariffs.
Rising electricity costs, changes to Ontario's labour rules, which include a 30 per cent hike to the minimum wage, and higher corporate tax rates are making suppliers think twice about Canada.
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