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Industrials News

Market Mover: Volkswagen buys Ballard fuel-cell tech to boost clean-car push
Volkswagen AG bought fuel-cell technology from Ballard Power Systems Inc. in a deal worth as much as $112 million to advance the German automaker’s development of clean- running vehicles.
Posted on 2-11-2015 at 9:45 AM
Union chief takes case for GM Oshawa investment to CEO
The meeting was the latest step in separate but similar lobbying efforts by Unifor and the federal and Ontario goverments to persuade GM to invest in the assembly plants and save jobs.
Posted on 2-11-2015 at 7:01 AM
Canadian Pacific Railway cuts spending in wake of crude plunge
CP has cut the number of oil tank cars it expects to haul in North America this year to 140,000 from 200,000, blaming the steep plunge in crude prices.
Posted on 2-11-2015 at 7:00 AM
Air Canada misses profit estimate as loonie falls and traffic rises
The second straight year of record financial performance means profit sharing to employees will amount to $46-million, up from $15-million in 2013.
Posted on 2-11-2015 at 7:43 AM
GM faces roadblocks in rebuilding Cadillac brand
General Motors Co Chief Executive Mary Barra's strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can't persuade enough American sedan buyers to switch from foreign competitors such as BMW or Mercedes, and it can't make enough of its Escalade SUVs to satisfy domestic demand.
Posted on 2-10-2015 at 8:16 AM
Stormy skies: Bombardier flies a risky flight path
The Montreal-based transportation giant is facing one of the biggest challenges in its 73-year history. Under attack by global competitors and slowed by its own missteps, Bombardier is being forced to re-engineer its business and fend off a brewing cash crunch.
Posted on 2-07-2015 at 10:02 AM
RAD BEAST supercar to hit streets in Spring 2015
With the North-American automotive industry thriving - especially in the performance sector - adrenaline junkies are anticipating yet another supercar launch: the forthcoming BEAST by Rezvani Automotive Designs (RAD).
Posted on 2-07-2015 at 10:44 AM
CP Rail seeks revenue bump by lifting grain freight caps
CP said removing the cap would allow it to replace its fleet of 5,500 grain cars – which average 35 years old – with new hoppers that can carry 25 per cent more grain per train.
Posted on 2-07-2015 at 9:36 AM

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