04:56:53 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 408,637,092
Close 2015-09-30 C$ 64.01
Market Cap C$ 26,156,860,259
Recent Sedar Documents

Globe says Magna, Linamar would benefit from a TPP deal

2015-10-01 04:55 ET - In the News

Also In the News (C-LNR) Linamar Corp

The Globe and Mail reports in its Thursday, Oct. 1, edition that Canada and Mexico are looking for a compromise from Japan over a major obstacle to a Pacific Rim trade deal, seeking changes boosting the proposed pact's domestic-content requirements for the most sophisticated of car parts. The Globe's Steven Chase writes that for Canada this would mean under a Trans-Pacific Partnership deal, there would be higher Canadian-content requirements for more value-added vehicle parts, such as engines, transmissions and chassis. The kind of components Canada is championing are made by Linamar and Magna International. These two are the companies most expected to thrive in the years ahead, particularly if there is an influx of foreign car parts under a TPP deal. Twelve countries, including Canada, are now huddled in Atlanta trying to finalize a TPP agreement comprising 40 per cent of global economic output. A deal, which would eclipse the North American free-trade agreement in importance, could reduce the level of domestically made auto parts in vehicles sold in Canada but also boost the access this country's businesses are granted to Japan, traditionally a closed market.

© 2024 Canjex Publishing Ltd. All rights reserved.