Linamar CEO Linda Hasenfratz said she’s worried IHS Markit’s forecast, which said auto production volume will fall by 1.27 million vehicles in the third quarter, is an underestimate. Fellow Canadian parts maker Martinrea said this week it would not give third-quarter financial guidance due to “elevated uncertainty and volatility.” (The Logic)

Talking point: The longer-than-expected semiconductor shortage is stifling the auto industry’s rebound from the pandemic. Magna’s outlook was similarly muted, and Linamar had already cut 1.65 million vehicles from its forecast last month. Yet Martinrea executives indicated they are optimistic for the long term, as dwindling dealership inventories push U.S. auto prices to new highs. Martinrea also said its investment in graphene-maker NanoXplore “appreciated considerably in value” in the last quarter, while Linamar reported “a steep curve of growth” in its EV business.