13:10:54 EST Thu 12 Feb 2026
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,009,150
Close 2026-02-11 C$ 10.21
Market Cap C$ 735,213,422
Recent Sedar+ Documents

FP says Magna, rivals told EVs remain part of strategy

2026-02-12 09:38 ET - In the News

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

The Financial Post reports in its Thursday edition that China's electric vehicle makers are central to the Canadian discussions following recent federal announcements about EVs. The Post's guest columnist Patrick LeBlond and Liam Ibbot write that the new tariff rate on Chinese EVs is the same that Canada applied before adopting a tariff rate of 100 per cent on Chinese-made EVs on Oct. 1, 2024. Ottawa expects that over half of imported EVs from China will cost under $35,000 in five years, benefiting Canadian consumers struggling with the average new car price of $63,665. Industry and labour leaders and Ontario Premier Doug Ford have complained that the deal will lead to job losses by undercutting domestically produced cars and parts. Then, last week, Prime Minister Mark Carney announced his government will scrap the EV sales mandate. Canada will implement stricter vehicle emissions standards and reintroduce incentives for purchasing zero emission vehicles, but only for those made in Canada or in countries with free-trade agreements, excluding imports from China. With this new strategy Ottawa expects significant investments by automotive manufacturers, including Chinese ones, to produce ZEVs in Canada.

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