Home / Mortgage Loans / Linamar stock rout doesn’t reflect auto-industry reality, CEO says
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Linamar stock rout doesn’t reflect auto-industry reality, CEO says

People are growing increasingly nervous about the economy and what weakness will mean for manufacturers, said Linamar CEO Linda Hasenfratz.

The CEO of Canadian auto-parts supplier Linamar Corp. says the company’s recent stock rout — down 26 per cent so far this month — is “frustrating” and reflects a couple of key misunderstandings about the health of the auto industry.

Linda Hasenfratz said she believes there are two reasons behind the share-price decline, which has outpaced the 8.3 per cent drop in the S&P/TSX Composite Index over the same time period by a factor of three.

First, she said, people are growing increasingly nervous about the economy and what weakness will mean for manufacturers.

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