Canadian Automotive Industry Sees Stellar Sales Year, with Nearly $3 Billion in Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--Sales for Canada-based automotive companies are predicted to top 2 million units in 2017, which is a new record for the Canadian auto industry, according to Scotiabank's (NYSE:BNS) (Toronto, Ontario) recent Global Auto Report. Industrial Info is tracking $2.87 billion in active automotive projects in Canada.

Magna International Incorporated (NYSE:MGA) (Aurora, Ontario) is moving ahead at its assembly plant in Milton, Ontario, to produce truck frames for the 2019 Ford Ranger. At the 600,000-square-foot manufacturing plant, Magna will perform $188 million in installations, including new equipment and a production line. The 2019 Ford Ranger will be assembled in Michigan starting in 2019, according to Road and Track. For more information, see Industrial Info's project report.

Magna also is installing a $265 million assembly line this fall at its component manufacturing plant in Newmarket, Ontario. Magna plans to produce original equipment manufacturer (OEM) parts at the 107,359-square-foot plant. For more information, see Industrial Info's project report.

Ford Motor Company of Canada Incorporated, a subsidiary of Ford Motor Company (NYSE:F) (Dearborn, Michigan), will invest $85 million next year in new equipment and production lines at its 2.1 million-square-foot engine-manufacturing plant in Windsor, Ontario. Ford plans to produce its next generation model engines. For more information, see Industrial Info's project report.

At Toyota Motor Corporation's (NYSE:TM) (Tokyo, Japan) 3 million-square-foot automotive plant in Cambridge, Ontario, the company is performing $421 million in additions at North Plastic Division and is installing new custom-designed onsite manufacturing equipment. It expects to finish this project by the end of the summer. For more information, see Industrial Info's project report.

In spite of upbeat predictions for the Canadian auto industry's 2017 sales year, General Motors (NYSE:GM) (Detroit, Michigan) expects to lay off 600 employees at its Oshawa, Catharinds and Cami plants, because the company wants to shift production to the U.S. and Mexico, according to the Financial Post. One of the Oshawa plants is retooling and installing a $400 million conveyor system, and the other will have its summer maintenance shutdown extended. Each project is expected to be finished before the end of the year. The GM plants will stay open for now, though the summer shutdown could last for much longer than the normal July 17 - 24 downtime, as usually planned.

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