11:20:53 EDT Sun 06 Jul 2025
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-04-30 C$ 7.34
Market Cap C$ 534,262,804
Recent Sedar Documents

Globe says Magna, rivals see Stellantis move on levies

2025-05-01 08:39 ET - In the News

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

The Globe and Mail reports in its Thursday edition that Stellantis NV is set to shift some vehicle production and revamp its parts supply lines to avoid paying tariffs in the United States. The Globe's Eric Atkins writes that the owner of Jeep, Chrysler, Fiat and other brands plans to move some pickup-truck production to Michigan from Mexico, and is talking with parts suppliers about transferring output to U.S. facilities to boost the American content in its vehicles and dodge the levies, said Doug Ostermann, chief financial officer of the Netherlands-based automaker. Mr. Ostermann outlined the plan in a conference call with analysts on Wednesday, a day after Mr. Trump triggered another change to his policy to foster U.S. manufacturing by charging 25-per-cent tariffs to companies that import foreign goods, including cars and related parts. "As the situation evolves, we'll need to calibrate our North American investments, footprint and employment to ensure the profitability of our company," Mr. Ostermann said, without providing details. Several Canadian parts makers supply Stellantis from plants in Ontario, the United States, Mexico and overseas, including Magna International, Linamar and Martinrea.

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