23:28:05 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Linamar Corp
Symbol LNR
Shares Issued 61,528,157
Close 2023-08-11 C$ 70.71
Market Cap C$ 4,350,655,981
Recent Sedar Documents

Globe says Magna, rival charging into new EV world

2023-08-14 08:16 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Saturday, Aug. 12, edition that Magna International is racing to finish constructing a gleaming new battery-enclosure factory in Brampton, Ont. The Globe's Adam Radwanski writes that it will be the first new Canadian plant opened by Magna in two decades. It will be supplying battery enclosures for the F-150 Lightning electric pickup trucks that Ford Motor will assemble in Oakville. In the city of Welland, Linamar, the second-biggest domestic parts maker after Magna, recently secured a big chunk of land for a new 300,000-square-foot facility. It is to be home to Canada's first giga press machines, capable of producing large chunks of vehicle frames in one piece, which is what EV makers prefer to the smaller components typically used to piece together frames for cars and trucks. Across the region, there are scenes and stories like these. Within the domestic parts sector that supplies global automakers -- the heart of the Canadian auto industry, despite their multinational clients with branch plants here often getting more attention -- companies big and small are finding early traction in a transition to electrified transportation that could easily have left them behind.

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