The auto-parts supplier isn’t contemplating closing plants in tariffed countries or moving production to the U.S, Linda Hasenfratz, chair of the Ontario-based firm, said on an earnings call Thursday. She said it makes factory investments based on “long-term fundamentals” like talent, supply chains and regional costs, “not something as short-term as a tariff…our Canadian plants are our most productive globally.” (The Logic)

Talking point: While Linamar has taken a strong stance on tariffs, Hasenfratz warned that the company’s customers, automakers, would see “enormous” costs “in the billions” which would likely “shut the industry down.” The company posted a fourth-quarter net loss of $232.3 million, down from a $104.4-million profit the same period in 2023. Still, executives see opportunities to scoop up business from distressed rivals, and Linamar is investing in the U.S., Mexico, Europe and Asia. “Just to be clear, we are investing heavily in our U.S. plants as well…over the last 10 years we’ve tripled our employee footprint in the region,” Hasenfratz said. “But we’re going to continue to grow in Canada.”