Supply Chain News

Despite decline in auto production, Magna posts record sales, profits
Canadian auto parts manufacturer Magna International Inc posted a US$ 561 million net income for the second quarter ended June 30, 2017, representing an increase of 1% compared to same period of 2016 and a record figure for a second quarter. The company also reported all-time quarterly record sales...
Three Chinese companies to invest US$ 280 million in San Luis Potosi, official says
Three Chinese companies from the automotive sector are due to settle in the city of San Luis Potosi with an investment of more than US$ 280 million, said the head of Municipal Economic Development, Marco Solis-Camera Alvarado, without mentioning the names of the companies or which automakers are to ...
Daimler Trucks grants Meritor WABCO Masters of Quality Supplier Award
The joint venture Meritor WABCO received the prestigious Masters of Quality Supplier Award from Daimler Trucks North America (DTNA) for the second consecutive year. The Masters of Quality Award is given to an elite group of suppliers that meet rigorous standards and demonstrate an ongoing commitmen...
Nucor acquires St. Louis Cold Drawn, including a production site in Nuevo Leon
Nucor Corporation announced that it has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets. Financial terms of the operation were not disclosed. "This acq...
Commercial Vehicle Group posts 9% increase in revenue during second quarter
Heavy truck industry supplier Commercial Vehicle Group, Inc. (CVGI) reported second quarter 2017 revenues of US$ 195.1 million compared to US$ 178.3 million in the prior year period, an increase of 9.5%.  “The increase in revenues period-over-period reflects higher heavy-duty truck production in...

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