USMCA is in effect, ready or not
John Irwin, Automotive News Canada August 3, 2020 Automakers and suppliers face a “heavy lift” in adapting to new North American trade rules during a health crisis that has roiled the global economy. “It’s literally unprecedented to learn and comply with such a complex and new set of rules and origin in less than 30 […]
GM strike could lead to thousands of job losses in Canadian auto industry
Alicja Siekierska, Yahoo Finance September 16, 2019 The United Auto Workers union’s strike by nearly 50,000 members against General Motors Co. in the United States could lead to thousands of job losses in the highly integrated Canadian automotive industry. Unifor president Jerry Dias, whose union represents thousands of Canadian GM workers, said workers in GM’s […]
Shares of Canadian auto parts suppliers surge after trade deal removes tariff threat
Martinrea International jumped 13 per cent, the most since 2014, Magna gained 5.1 per cent and Linamar rose 9 per cent Canada’s eleventh-hour inclusion in a new North America free-trade deal removes a major overhang for auto suppliers but doesn’t fix many of the competitive issues that have restricted investment in the Canadian auto industry. […]
