Manufacturing

Auto Parts Makers Are Cut by TD Cowen on Trump’s Tariff Threat

  • Firm downgrades Linamar to hold, cuts Martinrea price target
  • Auto CEOs say they can navigate another trade battle

Workers at the Linamar Corp. of Canada EV battery case manufacturing facility in Muscle Shoals, Alabama, US.

Photographer: Liam Kennedy/Bloomberg
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Uncertainty about how US President-elect Donald Trump will apply tariffs has prompted an analyst at Toronto-Dominion Bank to take a dimmer view of two Canadian car-parts makers.

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