Latest news with #Linamar
Yahoo
4 days ago
- Automotive
- Yahoo
Linamar reports $126.9M Q2 profit, as it remains 'largely unaffected' by tariffs
GUELPH — Linamar Corp. reported net earnings of $126.9 million during its second quarter, down from $174.1 million a year earlier. The company says its earnings amounted to $2.12 per diluted share, down from $2.82 per diluted share during the same period a year ago. The Guelph, Ont.-based auto parts manufacturer says its sales totalled $2.6 billion during the quarter, down from $2.8 billion during the same period last year. On an adjusted basis, the company says it earned $2.81 per diluted share in the quarter compared with $3.06 per diluted share a year earlier. The company's industrial segment earnings fell in the quarter while earnings in its mobility division rose. Linamar executive chair Linda Hasenfratz says the company has remained largely unaffected by tariffs imposed by the U.S. as its products continue to be CUSMA compliant. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:LNR) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
4 days ago
- Automotive
- Winnipeg Free Press
Linamar reports $126.9M Q2 profit, as it remains ‘largely unaffected' by tariffs
GUELPH – Linamar Corp. reported net earnings of $126.9 million during its second quarter, down from $174.1 million a year earlier. The company says its earnings amounted to $2.12 per diluted share, down from $2.82 per diluted share during the same period a year ago. The Guelph, Ont.-based auto parts manufacturer says its sales totalled $2.6 billion during the quarter, down from $2.8 billion during the same period last year. On an adjusted basis, the company says it earned $2.81 per diluted share in the quarter compared with $3.06 per diluted share a year earlier. The company's industrial segment earnings fell in the quarter while earnings in its mobility division rose. Linamar executive chair Linda Hasenfratz says the company has remained largely unaffected by tariffs imposed by the U.S. as its products continue to be CUSMA compliant. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:LNR)
Yahoo
05-08-2025
- Automotive
- Yahoo
Linamar's Hasenfratz urges Canada to hold the line on CUSMA amid rising tariff uncertainty
Linamar executive chair Linda Hasenfratz is urging Ottawa to defend the CUSMA trade pact, warning that any move to impose tariffs on auto parts could severely disrupt the industry's deeply integrated North American supply chain. Automakers have been hit hard by U.S. President Donald Trump's trade war due to tariffs on exported vehicles and metals, which have negatively impacted their bottom lines. Yet, within the automotive industry, the vast majority of products crossing the border, particularly parts, are CUSMA-compliant and operating under zero duties. Still, there's a risk that could change. Hasenfratz, board chair of the Association of Equipment Manufacturers, is urging the federal government to work hard to maintain the CUSMA agreement, warning that dismantling it would have a devastating impact on the economy. 'While its spirit and substance have been undermined by the Trump administration, the Canada-U.S.-Mexico Agreement has thus far been key to Canada's perceived safety net,' said CIBC Capital Markets economist Avery Shenfeld. Canada's advantage from the CUSMA carve-out is only as strong as the agreement itself, which will lapse in 2026 unless all parties agree to renew it, he says. 'The cloud of uncertainty will hang over capital spending plans in a broad range of Canadian export sectors,' Shenfeld added, noting that Canada could lose its special exemption at any time. 'I still believe that if they put tariffs on parts, it would bring the industry to its knees because it's such an integrated supply chain of parts going back-and-forth the border multiple times,' Hasenfratz said. Trying to apply a tariff on each of those crossings would be enormously expensive, she says. After decades of free trade, trying to 'unscramble the eggs,' as many people have said, would be difficult, costly, and wouldn't create value, she adds. 'Let's address the concerns that exist and make sure that people are feeling comfortable with the trade agreement we have in any areas that are felt to be lacking,' Hasenfratz said. If CUSMA stays intact, Linamar stands to benefit as its customers look to onshore products currently sourced from Asia and Europe. With new international trade deals in place, clients are comparing tariff costs, and that's prompting many to consider localizing their supply chains. 'I see this as a real opportunity for us to potentially get some new business and we're quoting on such opportunities.' Hasenfratz is optimistic that Canada's automotive sector will remain a pillar of the economy. Suppliers, she notes, play an essential role and are poised for growth. She also believes Canada will continue to be a home for vehicle assembly due to its productivity, talent pool, and green, low-cost energy. These fundamentals are how one should decide where to manufacture, Hasenfratz says. 'Don't make long-term decisions on short-term tactics. Make long-term decisions on long-term fundamentals, and that's something Canada has in spades.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Automotive
- Yahoo
Automotive Key Interlock Cable Market Industry Trends, Key Growth Drivers, Challenges, Future Opportunities, and Regulatory Landscape 2025-2034
Growth in the automotive key interlock cable market is driven by rising vehicle safety standards, automatic transmission integration, and stricter automotive safety regulations. Key interlock cables prevent unintended gear shifts, essential for modern vehicles, including electric and semi-autonomous models. Original equipment manufacturers (OEMs) dominate with a 60% market share. The U.S. leads with USD 537 million in 2024 sales, thanks to robust investments in innovation. Major players include Suprajit, HI-Lex, Linamar, and more. Detailed market analysis covers trends, growth drivers, and competitive insights. Automotive Key Interlock Cable Market Dublin, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The "Automotive Key Interlock Cable Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to Automotive Key Interlock Cable Market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 8.6% to reach USD 4.1 billion by 2034, fueled by heightened vehicle safety expectations, the growing integration of automatic transmission systems, and stricter safety regulations in the automotive sector. Automakers are embedding advanced interlock systems into vehicles to prevent unintended gear shifts, enhancing safety and meeting compliance demands. As vehicle design becomes more sophisticated, these cables serve as crucial components for ensuring driver control, especially in systems where gear operation must be tied to ignition status. The adoption of these cables is growing in both commercial and passenger vehicle segments, including electric vehicles. As vehicles continue to evolve with advanced driver-assist technologies and semi-autonomous systems, the demand for high-performance, compact, and durable key interlock solutions is accelerating. These cables offer reliable control over gear shift functions and reduce potential driver error, making them essential for safety-critical automotive systems. Manufacturers are also focusing on features such as enhanced tensile strength and resistance to harsh environmental conditions, allowing cables to operate efficiently under variable stresses. Interlock systems have become a cornerstone in modern vehicle architectures across various passenger vehicles segment generated USD 1.3 billion in 2024, driven by the rising demand for compact mobility solutions such as e-bikes, electric scooters, and small electric cars-many of which feature interlock cables for enhanced safety. Lightweight, foldable vehicles have become particularly popular among urban dwellers and mobile workers seeking practical, secure transportation. These interlock cables play a crucial role by preventing vehicle movement when not in use and offering additional theft protection, especially in shared a sales channel perspective, original equipment manufacturers (OEMs) held 60% of the market share in 2024, driven by the growing demand for enhanced vehicle safety and technological sophistication. OEMs are at the forefront of this innovation, integrating key interlock cables as integral components in a wide range of vehicle models. Their ability to provide seamless compatibility with existing systems and ensure reliable performance makes them an essential part of modern vehicle design. The constant advancements in interlock technology, including the development of smart and automated locking mechanisms, are contributing to the increased preference for OEM-supplied United States Automotive Key Interlock Cable Market generated USD 537 million in 2024 due to its strong automotive sector, rigorous safety regulations, and high adoption rates of electric and autonomous vehicles. As the market continues to expand, U.S. manufacturers are heavily investing in research and development to create more advanced, durable, and efficient interlock systems. This ongoing technological innovation, coupled with increased regulatory enforcement aimed at improving vehicle safety, ensures that the U.S. will remain a leader in the automotive key interlock cable players such as Suprajit, Orscheln, HI-Lex, Linamar, DURA, Ficosa, Kongsberg, Cablecraft, Kuster, and Kongsberg are reinforcing their market position by focusing on strategic collaborations, product customization, and expanding their production footprint. These companies invest in research to improve product longevity and compatibility with evolving vehicle architectures while leveraging partnerships with OEMs to secure long-term supply Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis: Aisin Seiki AutoCable Cablecraft Motion Curtiss-Wright DURA Shiloh Ficosa HI-Lex JOPP Automotive Kongsberg Kuster Linamar Ningbo Gaofa. Orscheln Shanghai Jinyi Sila Group Suprajit TOKAIRIKA Yazaki Zhejiang Sinyuan Key Attributes: Report Attribute Details No. of Pages 190 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $1.8 Billion Forecasted Market Value (USD) by 2034 $4.1 Billion Compound Annual Growth Rate 8.6% Regions Covered Global Key Topics Covered: Chapter 1 Methodology & ScopeChapter 2 Executive SummaryChapter 3 Industry Insights3.1 Industry ecosystem analysis3.1.1 Supplier landscape3.1.2 Profit margin analysis3.2 Impact of Trump administration tariffs3.2.1 Impact on trade3.2.2 Impact on industry3.2.3 Strategic industry responses3.3 Technology & innovation landscape3.4 Patent analysis3.5 Regulatory landscape3.6 Price trend3.6.1 Region3.6.2 Cable3.7 Cost breakdown analysis3.8 Key news & initiatives3.9 Impact forces3.9.1 Growth drivers3.9.1.1 Rising emphasis on vehicle safety regulations3.9.1.2 Increased adoption of automatic transmission vehicles3.9.1.3 Growth in electric and autonomous vehicles3.9.1.4 Technological advancements in cable design3.9.2 Industry pitfalls & challenges3.9.2.1 High dependence on automotive industry cycles3.9.2.2 Rising raw material costs3.10 Growth potential analysis3.11 Porter's analysis3.12 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Competitive positioning matrix4.4 Strategic outlook matrixChapter 5 Market Estimates & Forecast, by Vehicle, 2021-2034 ($Mn, Units)5.1 Key trends5.2 Passenger vehicle5.3 Commercial vehicles5.3.1 LCV5.3.2 MCV5.3.3 HCVChapter 6 Market Estimates & Forecast, by Functionality, 2021-2034 ($Mn, Units)6.1 Key trends6.2 Automatic key interlock6.3 Manual key interlock6.4 Remote key interlockChapter 7 Market Estimates & Forecast, by Cable, 2021-2034 ($Mn, Units)7.1 Key trends7.2 Mechanical cables7.3 Electrical cables7.4 Hybrid cables7.5 Smart cables7.6 Customized cablesChapter 8 Market Estimates & Forecast, by Application, 2021-2034 ($Mn, Units)8.1 Key trends8.2 Automotive security system8.3 Ignition system8.4 Transmission system8.5 OthersChapter 9 Market Estimates & Forecast, by Sales Channel, 2021-2034 ($Mn, Units)9.1 Key trends9.2 OEM9.3 AftermarketChapter 10 Market Estimates & Forecast, by Region, 2021-2034 ($Mn, Units)Chapter 11 Company Profiles11.1 Aisin Seiki11.2 AutoCable11.3 Cablecraft Motion11.4 Curtiss-Wright11.5 DURA11.6 Shiloh11.7 Ficosa11.8 HI-Lex11.9 JOPP Automotive11.10 Kongsberg11.11 Kuster11.12 Linamar11.13 Ningbo Gaofa.11.14 Orscheln11.15 Shanghai Jinyi11.16 Sila Group11.17 Suprajit11.18 TOKAIRIKA11.19 Yazaki11.20 Zhejiang Sinyuan For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Automotive Key Interlock Cable Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Business Insider
18-07-2025
- Business
- Business Insider
CIBC Keeps Their Hold Rating on Linamar (LIMAF)
CIBC analyst Krista Friesen maintained a Hold rating on Linamar today and set a price target of C$68.00. The company's shares closed today at $49.17. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Friesen covers the Consumer Cyclical sector, focusing on stocks such as Linamar, Boyd Group Services, and Magna International. According to TipRanks, Friesen has an average return of 5.7% and a 60.29% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linamar with a $47.25 average price target, representing a -3.90% downside. In a report released on July 14, Scotiabank also maintained a Hold rating on the stock with a C$71.00 price target. Based on Linamar's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.53 billion and a net profit of $177.7 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $178.51 million Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIMAF in relation to earlier this year.
