14:06:28 EST Wed 28 Jan 2026
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Linamar Corp
Symbol LNR
Shares Issued 59,665,491
Close 2026-01-27 C$ 88.21
Market Cap C$ 5,263,092,961
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Globe says Magna sees GM's tariffs to cost more in 2026

2026-01-28 07:42 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that General Motors expects tariffs could cost it as much as $4-billion (U.S.) this year, after paying $3.1-billion (U.S.) in levies in 2025. The Globe's Eric Atkins writes that GM revealed the toll of U.S. President Donald Trump's signature trade policy on Tuesday as it released its financial results for the fourth quarter of 2025. GM said the 2025 tariff total was lower than expected, with 40 per cent offset by cost reductions and shifting production to avoid import taxes. GM is set to eliminate a third shift of workers. GM said last week it will move production of the Buick Envision SUV to the United States, from China, and is moving the Chevrolet Equinox and Blazer to Spring Hill, Tenn., from Mexico. Since April, the U.S. has levied tariffs of 25 per cent on the non-U.S. content of Canadian-made cars. The U.S. has reached agreements with some countries at lower rates, including Britain at 10 per cent and the European Union at 15 per cent. Mr. Trump recently announced he would raise tariffs on South Korean cars to 25 per cent from 10 per cent. This reversal could mean GM faces an even higher tariff bill this year, since GM has significant operations there.

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