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Linamar CEO Linda Hasenfratz has plant investment on her mind as automakers outsource more of what they used to consider sacred cows.
Canadian auto parts supplier Linamar -- with the help of the governments of Ontario and Canada -- will spend up to $402 million on a number of new programs, including artificial intelligence.
A U.S. proposal that half of all parts and vehicles that cross borders under NAFTA be made in America could affect Canadian parts makers to varying degrees.
A JV between Canadian supplier Linamar and GF Automotive has signed a five-year contract to produce lightweight components for a new pickup being built by an unnamed U.S. automaker.
Earnings and sales rose at Canada's Linamar during the second quarter, and the supplier disclosed a "major” win on a future contract.
Volvo's decision to electrify all its future powertrains could mean more business for Magna International, which is eager to help the automaker reach its goal.
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