00:58:48 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Linamar Corp
Symbol LNR
Shares Issued 59,809,587
Close 2025-06-03 C$ 62.93
Market Cap C$ 3,763,817,310
Recent Sedar Documents

Globe says Magna, rivals see Hoekstra downplay tariffs

2025-06-04 07:51 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that the U.S. envoy to Canada held out hope Tuesday for the Canadian auto sector despite President Donald Trump's talk of cutting it out of the American market. The Globe's Steven Chase and Jeff Gray write that ambassador Pete Hoekstra told a Toronto audience that Canada may still be able to work together with U.S. automakers under an industrial strategy focused on the threat from Chinese vehicle makers. The ambassador, a Trump appointee, was asked whether Canadians should be worried about the future of their auto and auto parts industry, which is almost entirely reliant on exports to the United States. Mr. Trump, who has imposed tariffs on imported cars, including from Canada, has repeatedly said he does not believe Canada should be assembling cars for U.S. customers and that he wants factories in this country to relocate to the United States. Mr. Hoekstra said Canadians need not worry. "Our chief competitor is China," he said, adding the questions in existing trade negotiations are about how to build an industrial strategy focused on this. About 100,000 Canadians work in Canada's car parts industry, including tooling jobs. Another 25,000 work in auto assembly.

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