EV/AV Report: Electric vehicles build for the future; while self-driving cars dismantle court claims
Toronto, Ontario — In this weekly electric and autonomous vehicle report, Linamar announces its plans to supply the EV industry from a new Ontario giga-casting plant; and Tesla avoids legal action in a recent California jury vote. Giga-casting with gusto In an announcement made on Wednesday, Linamar declared its plans to develop a giga-casting plant […]
Tuesday Ticker: VinFast approved for Nasdaq IPO stock listing; Martinrea reports records
Toronto, Ontario — This week, VinFast gets approval to list on Nasdaq; Axalta reports its Q2 2023 results and auto parts manufacturer Martinrea doubles its adjusted net earnings compared to Q2 2022. Go for VinFast Vietnamese electric vehicle manufacturer VinFast will soon trade on the Nasdaq, following the approval of its merger into a special […]
Casting Catching On: Linamar to open giga casting plant in Welland, Ont. in 2025
Welland, Ontario — Ontario-based auto parts manufacturer Linamar is getting into the giga casting game, announcing Wednesday plans to open an electric vehicle parts plant in Welland, Ont., set to open in February 2025. In its press release, Linamar spokespeople say this will make the company the first Tier 1 supplier outside of Asia to […]
Tuesday Ticker: March 15, 2022
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, EV automaker Rivian snags a top exec from Magna while Guelph, Ont.-based Linamar sees significant stock dips due to the ongoing Russia-Ukraine conflict. Plus, AutoCanada reports a personal best for fourth-quarter revenues. Rivian tags Magna exec Electric vehicle maker Rivian announced it has […]
For the Long Haul: Global chip shortage to persist for ‘relatively long period,’ says Chinese industry ministry official
Beijing, China – Yesterday, an official with China’s Ministry of Industry and Information Technology said the supply of semiconductors will likely remain tight for the distant future, according to a report by the Beijing Newsroom. Consequently, many companies are preparing for a year where components are in short supply. On Jan. 18, Canadian auto parts […]
Farewell Frank: Linamar founder Frank Hasenfratz dead at 86
Guelph, Ontario — Frank Hasenfratz, founder of Guelph, Ontario-based auto parts manufacturer Linamar, has died at the age of 86 years old. Hasenfratz, a survivor of the Hungarian Revolution, was surrounded by family as he finished his battle with cancer on Saturday. Using his skills as a toolmaker and machinist, Hasenfratz managed to start a […]
EVs All Day: Ont. Premier Ford announces aims to produce 400,000 Ontario-made EVs by 2030
Guelph, Ontario — Ontario Premier Doug Ford unveiled the second phase of the “Driving Prosperity” plan on Wednesday from Linamar’s Guelph facility, where he laid out the province’s new auto industry goals for the year 2030. Alongside Minister of Economic Development Vic Fedeli and Linamar CEO Linda Hasenfratz, Ford described four goals that the government […]
Community Service: Linamar announces opening of community vaccine clinic in Guelph
Guelph, Ontario — Linamar Corp. is officially stepping up to the front lines of the COVID-19 vaccination effort with the announcement that the company will be setting up a community clinic that could deliver up to 2,000 vaccines per day. In conjunction with the Wellington-Dufferin-Guelph Public Health unit, who will be handling the scheduling of […]
Linamar fined $200k after employee injured in furnace incident
Guelph, Ontario — Linmar, prominent car-parts maker based in Guelph, Ont., has been fined $200,000 after a worker was hit by a furnace fireball. The incident at Linamar Corporation occurred in October 2018; Ontario’s Labour Ministry says the worker was opening the furnace door to remove a part. “Upon opening the door, a fireball erupted […]
Canadian auto parts maker bets big on the shift to aluminum
By Jeff Sanford Toronto, Ontario — October 16, 2015 — Canadian auto parts giant Linamar Corporation announced this week it has tendered an offer for 100 percent of the shares of French aluminum casting firm, Montupet S.A. The deal was billed by Linamar executives as the “latest move to solidify the company as a global […]
