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
For further information: Linda Hasenfratz at (519) 836-7550.