The Guelph, Ont.-based company cut 1.65 million units from its forecast for light-vehicle production in the second quarter, with most of the decline expected in North America. (The Logic)
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The Guelph, Ont.-based company cut 1.65 million units from its forecast for light-vehicle production in the second quarter, with most of the decline expected in North America. (The Logic)
Talking point: Linamar cited the “fluid and unpredictable” global semiconductor shortage as the main factor that will reduce expected vehicle production from 20.63 million vehicles to 18.98 million in the second quarter. The company said it expects some of the production to be made up in the second half of this year, but still cut 1.01 million units from its full-year forecast. Meanwhile, the demand for chips worldwide has become so desperate that Chinese officials busted two drivers last month for allegedly smuggling computer chips between Hong Kong and mainland China.
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