GUELPH, ON, Sept. 24, 2015 /CNW/ - Linamar Corporation (TSX:
LNR) would like to confirm that the company does not expect any
material impact to its operations or financial performance as a
result of the EPA's accusations against Volkswagen AG ("VW").
VW is a strategic customer of Linamar but VW would not currently be
considered a material customer for the company as sales to VW
represents less than 5% of Linamar's consolidated sales for the
first six months of 2015. As a result, any decline in sales
as a result of the VW emission allegations is not expected to have
a material impact to Linamar's net earnings.
Linamar Corporation (TSX:LNR) is a diversified global
manufacturing Company of highly engineered products powering
vehicles, motion, work and lives. The Company is made up of 2
operating segments – the Powertrain/Driveline segment and the
Industrial segment, which are further divided into 4 operating
groups – Machining & Assembly, Forging, Light Metal Casting and
Skyjack, all world leaders in the design, development and
production of highly engineered products. The Company's Machining
and Assembly, Casting and Forging operating groups focus on
precision metallic components, modules and systems for engine,
transmission and driveline systems designed for global vehicle and
industrial markets. The Company's Skyjack operating group is noted
for its innovative, high quality mobile industrial equipment,
notably its class-leading aerial work platforms and telehandlers.
With more than 19,500 employees in 48 manufacturing locations, 5
R&D centers and 15 sales offices in 14 countries in North and
South America, Europe and Asia, Linamar generated sales of $4.2 billion in 2014. For more information about
Linamar Corporation and its industry leading products and services,
visit www.linamar.com.
SOURCE Linamar Corporation