Canadian auto-parts maker Linamar Corp. is betting that aluminum will continue to replace steel as automakers strive to produce more fuel-efficient vehicles, announcing the biggest acquisition in its 50-year history Thursday.
Linamar Corporation (TSX:LNR) shares disappointed greatly this year, falling 26.7% year-to-date due to the fact that the company invested in the future, putting itself in a position that will benefit shareholders for years to come.
GUELPH, Ont. - The federal and Ontario governments are handing over $101 million to a Guelph-based auto parts manufacturer that is promising to create 1,200 “high-quality” local jobs over the next decade.
Linamar Corp. is a perfect poster child for globalization. Founded by a refugee fleeing Soviet aggression in his native Hungary, the Canadian auto-parts maker has 24,500 employees spread around 12 countries.