LNR Linamar Corp

Given the filing for Chapter 11 bankruptcy protection by Chrysler today, Linamar
(TSX:LNR) is clarifying its position with respect to its outstanding Chrysler
receivables.


As already outlined previously in its press release dated April 2, 2009, Linamar
has limited exposure to Chrysler and GM on both the receivables and sales volume
side. With respect to receivables, the outstanding balance owing from Chrysler
that is older than 20 days for Chrysler Canadian and American entities is
estimated at less than $700,000.


For better assurance of full recovery, Linamar has EDC insurance coverage in
place for all of the outstanding receivables. Additionally, over the past few
months, Linamar has been working with Chrysler to minimize the outstanding
receivables balance.


"We are of course disappointed that Chrysler was unable to successfully
negotiate with stakeholders a satisfactory solution to allow them to avoid
Chapter 11, however, we feel that we are in a very strong position to weather
the situation given steps we have taken with Chrysler over the past months to
minimize our exposure to them", said Linamar CEO Linda Hasenfratz.


Linamar is confident that given the steps previously taken, it will recover the
majority of its receivables either within or outside of the Chapter 11 process.


Linamar looks forward to continuing to work with its valued customer, Chrysler,
as it moves through this restructuring process.


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 and power generation markets. The company's Industrial division is a
world leader in the design and production of innovative mobile industrial
equipment, notably its class-leading aerial work platforms and telehandlers.
With more than 10,000 employees in 37 manufacturing locations, 5 R&D centers and
11 sales offices in Canada, the US, Mexico, Germany, Hungary, the UK, China,
Korea and Japan Linamar generated sales of over $2.2 Billion in 2008. 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.

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