Tag: auto accessories

Union momentum heats up in Canada’s auto parts sectorUnion momentum heats up in Canada’s auto parts sector

LONDON—More than 150 auto parts workers at Sodecia Automotive hot stamping facilities in London, Ontario voted to join Unifor last month after a year-long union drive. “Auto parts workers understand that joining Unifor means driving higher standards of living for workers across the industry,” said Lana Payne, Unifor National President. “Momentum is growing across the sector to join our union as workers look to secure a better future for themselves, their families and their communities.” Workers at Sodecia Automotive manufacture a wide range of auto parts for major automakers including General Motors and Tesla. After successfully voting to join the… [...]

Global Demand for Automotive Parts Aftermarket Will SurgeGlobal Demand for Automotive Parts Aftermarket Will Surge

New York, March 01, 2023 (GLOBE NEWSWIRE) — The automotive parts aftermarket is expected to generate $548 billion in revenue by 2022, according to Persistent Market Research. With the top 5 market players controlling a sizable portion of the aftermarket automotive parts in 2023, the demand for automotive parts will increase. The entire Automotive Parts Aftermarket is anticipated to increase at a CAGR of 5.5% from 2023 to 2033, reaching US$ 984 Billion. The automotive parts aftermarket is a complex and dynamic industry that serves the needs of vehicle owners and repair shops worldwide. Aftermarket parts are replacement [...]