Hyperdrive
Linamar Sinks to Lowest Since 2020 as War Disrupts Supply Lines
- Investors shouldn’t expect ‘massive declines’: CEO Hasenfratz
- Auto stocks have dropped sharply since Russian invasion
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The auto industry faces months of disruption because of Russia’s war in Ukraine, but production will recover as companies find alternative sources for components, according to the head of one of Canada’s largest parts makers.
Linamar Corp. Chief Executive Officer Linda Hasenfratz said her firm expects to endure “another month to two months” of supply-chain problems directly related to the war. The conflict and widespread sanctions against Russia have forced companies from Stellantis NV to General Motors Co. to Ferrari NV to stop doing business there.