Linamar Announces Shift in Takeover Work

GUELPH, ONTARIO , announces an adjustment in the value of certain takeover contracts awarded to the Company in 2008.

In 2007, Linamar projected a significant amount of takeover work due to start production in early 2008. Recent volume changes in the industry as well as changes in customer manufacturing strategies have resulted in some adjustments to these programs.

Originally the company had expected to see total sales related to these contracts of approximately $235 million ramping to full production by the end of March 2008.

Expectations are now to see a maximum sales value for these same contracts of approximately $150 million ramping to full production by summer 2008.

"Although we are obviously disappointed by the lower volume level around our takeover business projects we still feel it is a substantial and material amount of new business for us," said Linamar CEO Linda Hasenfratz. "We continue to focus on other takeover opportunities with several customers as well as other replacement business for these program commitments."

Linamar Corporation (TSX: LNR) is a diversified global manufacturing company of highly engineered products. The company's Powertrain and Driveline focused divisions are world leaders in the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle markets. The company's Industrial division is a world leader in the design and production of innovative mobile industrial products, notably its class-leading aerial work platforms. With more than 12,000 employees in 38 manufacturing locations, 5 R&D centers and 9 sales offices in Canada, the US, Mexico, Germany, Hungary, China, Korea and Japan Linamar generated sales of close to $2.3 Billion in 2006. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com.

Certain information regarding Linamar set forth in this document, including management's assessment of the Company's future plans and operations may constitute forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from these anticipated in the forward-looking statements due to factors such as customer demand and timing of buying decisions, product mix, competitive products and pricing pressure. In addition, uncertainties and difficulties in domestic and foreign financial markets and economies could adversely affect demand from customers. These factors, as well as general economic and political conditions, may in turn have a material adverse effect on the Company's financial results. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Contacts: Linamar Corporation Crystal Roberts Communications Manager (519) 836-7550 (519) 824-8479 (FAX) Website: www.linamar.com

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