Mexican Media Brands
Linamar Reports Double-Digit Earnings Growth
Canada’s Linamar Corp.’s operating and net earnings surged in the first quarter of 2017 by 12% to C$192 million ($140 million) and 15% to C$145 million ($106 million), respectively.
#economics
Share
Canada’s Linamar Corp.’s operating and net earnings surged in the first quarter of 2017 by 12% to C$192 million ($140 million) and 15% to C$145 million ($106 million), respectively.
The supplier of highly engineered machined and forged parts reports its revenue in January-March climbed to C$1.7 billion ($1.2 billion) from C$1.5 billion in the same period last year.
Growth for the Guelph, Ont.-based company was driven by a combination of new business and acquisitions. Results marked the company’s 23rd consecutive quarter of year-on-year gains.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.