Linamar Corporation Provides Commentary on Q3 2021 External Market Conditions

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[{"type":"text","content":"\n \n \n \n Linamar Corporation Provides Commentary on Q3 2021 External Market Conditions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n GUELPH, ON\n \n ,\n \n Oct. 6, 2021\n \n /CNW/ - Linamar Corporation (TSX: LNR) today released insights regarding the market activity observed during Q3 2021, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Automotive markets in which it operates.\n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n In the Mobility segment:\n \n \n \n Q3 global light vehicle production forecast decreased by\n \n 3.0M\n \n units vs. prior forecast.  2021 full-year forecast revised down by\n \n 6.2M\n \n units.\n \n \n The volume reductions were primarily due to the ongoing global semiconductor shortage which remains a fluid and unpredictable situation.\n \n \n \n In the Industrial segment:\n \n \n \n Agriculture's August QTD (two months)* North American combine retails are up 26%.\n \n \n Access August QTD (two months)* North American market is up 63%.\n \n \n *Note: Market data reports only published up to\n \n August 2021\n \n at time of this release. Q3 QTD includes July and\n \n August 2021\n \n data.\n \n \n \n \n In supply chains:\n \n \n \n Ongoing supply chain constraints continue to impact each of Linamar's businesses' ability to meet the otherwise strong market demand, as well as costs in terms of both commodities and logistics pricing.\n \n \n \n \n A presentation deck highlighting the details is available and has been posted to Linamar's website today at\n \n www.linamar.com/investors\n \n under the section titled File Directory, or directly through the following link:\n \n http://www.linamar.com/wp-content/uploads/2021/10/Q3-2021-Market-Update.pdf\n \n \n \n Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for ...

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