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It will produce electric drivetrains. Due to a complex investment worth EUR 78 million, the emobility related development covers Linamar will construct a production hall of 10, squaremeters in Bekescsaba.
The agreement covers the full range of ProteanDrive models, with Linamar providing manufacturing capacity to support market opportunities in all passenger car and commercial vehicle segments for North American OEMs worldwide. With over patents, Protean Electric is an automotive technology firm.
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The Company provides a stand-alone electric drive solution with software that enables digital vehicle control and enhances customization. From a press release on November 1, Linamar announced plans to invest USD 50 million to revamp and expand its manufacturing site in Gomez Palacio, Mexico.
The investment will primarily be used to acquire new machinery with state-of-the-art technology, while a smaller amount will be used to expand the facility. These sites manufacture precision machined and assembled components for engines and transmissions, as well as drive shafts, axles and differentials for light vehicles, heavy trucks and agricultural machinery.
The current development concerns the lifting machinery production and the extension of automotive capacities. The principal activity of the Hungarian subsidiary, Linamar Hungary Autoipari es Gepgyarto is the manufacturing of the accessories of road vehicles and vehicle engines.
From a press release on February 27, The government of Ontario, Canada, announced that it will support Linamar Corporation Linamaran automotive parts supplier, for its development of next-generation vehicle parts. Linamar will create 1, new jobs in Ontario over the next 10 years, and maintain the existing 8, employees.
The acres high-pressure die-casting facility focuses on lightweight solutions in aluminum and magnesium for the automotive industry, drawing from the expertise of both partners. The overall investment over the next five years amounts to approximately USD million.
With several major purchase orders already secured, the new facility is expected to reach its full projected capacity utilization in the next few years. The plant is scheduled to begin production mid It is expected to create manufacturing jobs in Henderson County over the coming five years. From a press release on February 22, The Autorite des marches financiers the French market authority, the AMF has published the final results of the reopened public tender offer on the shares of Montupet S.
As of February 16,a total of 10, shares of Montupet S. At the date of the settlement and delivery of the Offer, Linamar should hold From a press release on February 16, The Autorite des marches financiers the French market authority, the AMF has published the final results of the public tender offer initiated by Linamar on the shares of Montupet S.
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As of January 21,a total of 10, shares of Montupet have been tendered to the Offer. The Tender Offer is expected to open to the public in early December and is expected to close in February Montupet is a global leader in the design and manufacture of complex aluminum castings for the global automotive dating old axe heads quattroporte with sales and production facilities diversified across several European countries, North America and Asia.
From a press release on October 15, Linamar Corporation would like to confirm that the company does not expect any material impact to its operations or financial performance as a result of the EPA's accusations against Volkswagen AG. As a result, any decline in sales as a result of the VW emission allegations is not expected to have a material impact to Linamar's net earnings.
From a press release on September 24, Linamar Corporation and GF Automotive, a dating old axe heads quattroporte of Georg Fischer AG, have agreed to cooperate in North America, Europe, and Asia to provide integrated casting and machining solutions to automotive, industrial, and commercial customers.
The two companies plan to build a new jointly-owned light metal foundry in the southeastern United States. The foundry is scheduled to begin production in mid The overall investment over the next five years will amount to approximately USD million. From a press release on July 16, Linamar Corporation and the minority shareholders of Seissenschmidt AG signed a definitive agreement for Linamar's purchase of the remaining 34 percent of the shares of Seissenschmidt, which specializes in high volume hot forgings.
Seissenschmidt has three primary locations in Germany, Hungary, and the United States. Linamar had previously announced that it had signed a definitive agreement to acquire 66.