Ontario government launches $10M automotive sector modernization program

Ontario Economic Development Minister Vic Fedeli used Monday’s annual meeting of the Canadian Association of Moldmakers in Windsor to announce the launch of a $10 million program aimed at modernizing the province’s automotive industry. Dubbed the Ontario Automotive Modernization Program (O-AMP), funding will be distributed over three years across the entire province’s …

Read the source article at World News by Country

Manufacturers Cut Spending as Trade War Dents Confidence

U.S. manufacturers are investing less in their factories and workforces as the trade dispute with China makes it more difficult for executives to anticipate costs and demand.

The shifting contours of the tariffs that the U.S. and China have applied to each other’s goods are prompting some companies to put business plans on hold. Others are cutting back investments as trade volumes and economic growth slow around the world.

Read the source article at Stock Market Quotes and News

What is a smart tire likely to tell the chassis management system?

The transducers mounted in the smart tire must be low cost if the tire is to remain affordable. The challenge with low cost is that it is often the partner of low reliability, low resolution and low accuracy, and if those attributes are fed to a CMS computer, it will amount to rubbish being fed in and the result will be, rubbish out.

Read the source article at Tire Technology International

Carmakers alarmed over latest round of Chinese tariffs

Washington — Alarm bells are ringing at carmakers after the latest round of retaliatory tariffs that will hit cars exported to China from the United States. China said Friday it will impose tariffs on $75 billion worth of U.S. goods, including cars, in response to President Donald Trump’s plans to levy tariffs on $300 billion worth of Chinese goods before the end of the year.

Read the source article at The Detroit News

Tire Review Study: Tire Dealer Operations

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In the 2019 edition of the Tire Review Sourcebook, we explore the many business aspects of owning and operating a tire dealership, including in-bay productivity, number of bays, the owners’ role in the business, gross profit margin, tire dealers’ major business concerns, top methods for tire dealership promotions, social media usage and more.

Some of the highlights include:

81% of respondents do not sell tires online

54% say less than 10% of sales come from commercial tires

Read the source article at Tire Review

Aftermarket Education

Getting more students interested in the automotive aftermarket is key to the industry’s future.

Using the ‘Show and Tell’ method is a great way for students to learn what jobs and positions are available throughout the Canadian aftermarket industry. Jobs are waiting, and how better to gain this interest and knowledge than through schools with a great Motive Power program?

Read the source article at Autosphere.ca

Expansion aims to automate Continental’s hose manufacturing plant in Quebec

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GRANBY, Quebec—Continental’s ContiTech division has completed a project at its hose factory in Granby that makes production there largely automated.

Read the source article at Rubber and Plastics News

Decade of growth for auto parts industry may soon be over

The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for r&d spending could bring the party to an end.

The combination of uncertainty over future technologies, lingering import tariffs and unsettled trade issues with key trading partners — China, Mexico, Canada and Europe — will erode supplier company values and stock prices, making it harder to keep up current spending demands, many now worry.

Read the source article at Automotive News Europe

Automotive Innovations Magazine – July/August 2019

The topics covered in the third issue of our Automotive Innovations Magazine (AIM) reveal the extremely rapid evolution of EVs, an emerging market that has become, in just a few years, a real industry.

Read the source article at Home – Auto-Innov

Bridgestone highlighting mobility solutions at IAA

In addition to its latest line-up of Bridgestone and Firestone tyres, Bridgestone intends to display its latest tech solutions at the 68th annual International Motor Show (IAA). The company states that the following solutions will be showcased at the Frankfurt fair in September:

Read the source article at Tyrepress