Latest news with #MartinreaInternational
Winnipeg Free Press
21-05-2025
- Automotive
- Winnipeg Free Press
Canadian automotive executives call for greater ambition amid Trump threats
TORONTO – Canadian auto industry leaders say the country has to use the Trump-induced industrial crisis to build bigger at home. Flavio Volpe, head of the Automotive Parts Manufacturers' Association, used a Canadian Club event in Toronto to call for an exploration into the potential of a new Canadian-born automaker. Volpe says Canada has all the ingredients needed to build a domestic champion that could help boost the industry and show what the country is capable of, just as countries like Vietnam, Turkey and Mexico are already doing. He says there are certainly challenges, but given the shake-up going on from Trump's tariffs, it's important to be ambitious in exploring alternatives. Martinrea International executive chairman Robert Wildeboer said at the event that the rupture in the trade relationship with the U.S. is a wake-up call, and a tremendous opportunity. He says that Canada's domestic industry is challenged in part because critical skills like die making are in short supply, but that by working with North American partners, the industry could be producing millions more vehicles to supply local markets. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published May 21, 2025. Companies in this story: (TSX:MRE)
Yahoo
21-05-2025
- Automotive
- Yahoo
Canadian automotive executives call for greater ambition amid Trump threats
TORONTO — Canadian auto industry leaders say the country has to use the Trump-induced industrial crisis to build bigger at home. Flavio Volpe, head of the Automotive Parts Manufacturers' Association, used a Canadian Club event in Toronto to call for an exploration into the potential of a new Canadian-born automaker. Volpe says Canada has all the ingredients needed to build a domestic champion that could help boost the industry and show what the country is capable of, just as countries like Vietnam, Turkey and Mexico are already doing. He says there are certainly challenges, but given the shake-up going on from Trump's tariffs, it's important to be ambitious in exploring alternatives. Martinrea International executive chairman Robert Wildeboer said at the event that the rupture in the trade relationship with the U.S. is a wake-up call, and a tremendous opportunity. He says that Canada's domestic industry is challenged in part because critical skills like die making are in short supply, but that by working with North American partners, the industry could be producing millions more vehicles to supply local markets. This report by The Canadian Press was first published May 21, 2025. Companies in this story: (TSX:MRE) The Canadian Press Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Shareholders in Martinrea International (TSE:MRE) are in the red if they invested a year ago
The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in Martinrea International Inc. (TSE:MRE) have tasted that bitter downside in the last year, as the share price dropped 31%. That contrasts poorly with the market return of 16%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 8.1% in three years. Furthermore, it's down 24% in about a quarter. That's not much fun for holders. Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business. See our latest analysis for Martinrea International To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Unfortunately Martinrea International reported an EPS drop of 47% for the last year. This fall in the EPS is significantly worse than the 31% the share price fall. It may have been that the weak EPS was not as bad as some had feared. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. Investors in Martinrea International had a tough year, with a total loss of 29% (including dividends), against a market gain of about 16%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 2% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Martinrea International better, we need to consider many other factors. Take risks, for example - Martinrea International has 2 warning signs we think you should be aware of. Martinrea International is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
CNN
05-02-2025
- Automotive
- CNN
This firm employs thousands in Canada, the US and Mexico. Here's what its workers think of Trump's tariffs
In the hours before Canadian Prime Minister Justin Trudeau announced a 30-day pause on US President Donald Trump's threatened 25% tariff on Canadian goods, the co-founder of one of Canada's largest auto parts manufacturers was bewildered. 'Why blow it up?' Rob Wildeboer, executive chairman at Martinrea International, asked CNN. 'I don't know anyone in our company who wants tariffs between Canada and the US, because we work very well as a unit.' Martinrea manufactures a wide range of parts for large car companies including Volvo, Stellantis and Ford. The company employs around 19,000 people across the world, with most of its workforce in Canada, the United States and Mexico. 'We take care of our people everywhere,' Wildeboer said, showing CNN around the floor of his factory in Vaughan, Ontario, a small city just outside Toronto. Canada is the United States' closest trading partner, with exports and imports alone adding up to nearly a trillion dollars a year. The trade surplus rests at about $40 billion in Canada's favor, according to the US Congressional Research Service. Trump exaggerated this figure at Davos last month, incorrectly claiming that the US has a $200-$250 billion trade deficit with Canada. Mike Bradley, the mayor of a Canadian city that borders Michigan, speaks to CNN's Becky Anderson about the drastic consequences of the tariffs Trump wants to impose on Canada. 'With respect to the so-called trade deficit,' Wildeboer said, 'If you take out cheap oil, which US refineries refine and make a ton of money, the US actually has a trade surplus.' Moreover, the exchange in auto parts between the two countries, Wildeboer explained, is pretty much even, give or take a few million dollars. 'Canada is the largest purchaser of US goods,' Wildeboer continued. 'We're a big customer. At the end of the day, I think you'd want to keep a customer.' Prior to Trudeau's announcement that the tariffs were on hold, workers at Martinrea told CNN they felt confident in the government's response. The prime minister had threatened tit-for-tat tariffs against American goods. Several provinces pulled American alcohol from government-owned liquor stores. Elon Musk was a notable target – hours before Trump and Trudeau had their last-minute negotiations Monday afternoon, Ontario premier Doug Ford 'ripped up' the province's contract with Musk's company Starlink. Sultan Egebesci, originally from Turkey, has lived in Canada for four years and has worked at Martinrea for three. She considers the company her 'second family.' 'Of course, I'm worried,' Egebesci told CNN when asked about the looming possibility of a trade war with the United States. But she said was trying not to stress out too much. 'I know when we do everything together, everything gonna be fixed,' Egebesci said of Canadians. 'Everything can be fixed.' Egebesci is encouraged by the movement to 'Buy Canadian,' and told CNN that when she shops, she first looks for a 'Made in Canada' label before making a purchase. 'I feel confident,' said Pisey Lim, another Martinrea employee. 'I really trust the company.' Her friends at other companies nearby, however, 'feel a little bit nervous.' 'They're scared they might lose their job,' Lim said. 'They see in their work, it's quite less work. Some people stay home.' Naitik Jariwalla, who's worked at Martinrea for three years, said he was worried about the possibility of losing his job, but thought Canada was 'taking the right steps.' 'The government has been prepared for almost a month now,' Jariwalla said. 'I have hope for Martinrea.' However, Jariwalla predicted that the issue wouldn't go away anytime soon. It's time, he said, to dig in. Canada should stand up to the United States 'even if it hurts a bit.' 'It may take one or two years to settle down,' Jariwalla told CNN. 'But this is a good time for Canada to support their legs and stop relying on another country. I think it's going to be good for Canada. I think Canada can grow.' 'It's gonna hurt anyhow,' Jariwalla continued. 'Either you deal with it right now, or in the future.' Despite the Canadian flags hanging on the factory walls, Martinrea is in some ways an American company, too. Wildeboer points out that the company employs twice as many people in the US as in Canada, particularly in Michigan, where Trump won a slim majority in 2024. 'We're a big deal locally,' Wildeboer said. 'We take care of a lot of people. I would say that a lot of those people like President Trump and they like his message: lower inflation, more jobs, strong economy. But with the tariffs and so forth, you're getting higher inflation, less jobs, weaker economy.' The executive guessed that those employees might change their mind on the president's agenda come midterm elections in two years. That said, apart from his position on tariffs, Wildeboer admitted he understands much of Trump's message about Canada. 'A lot of what President Trump or the Americans have said to Canadians has a lot of merit,' Wildeboer said. Trudeau's initial announcement that the tariffs were paused for 30 days focused almost exclusively on Canadian investment in border security and fentanyl mitigation. Though less than 1% of fentanyl trafficked into the US comes from Canada, Trump has fixated on the prospect of opiates streaming in over the northern border. In a recent 'Fact Sheet,' his administration claimed that there exists 'a growing presence of Mexican cartels operating fentanyl and nitazene synthesis labs in Canada.' In response, Trudeau has agreed to appoint a 'Fentanyl Czar' to deal with the issue. The prime minister even said that Canada would follow the US in declaring cartels as terrorist organizations, though Mexico's president said she considers the US designation unhelpful. 'In the context of fixing our border, dealing with fentanyl or immigration, I think that the vast majority of Canadians agree,' Wildeboer said. 'I think most Canadians would agree that we should spend more on our military. We should defend our Arctic. We have Chinese planes and Russian planes flying over our land. At the end of the day, that's our land. We should protect it. We should protect it with the United States.'
Yahoo
05-02-2025
- Automotive
- Yahoo
This firm employs thousands in Canada, the US and Mexico. Here's what its workers think of Trump's tariffs
In the hours before Canadian Prime Minister Justin Trudeau announced a 30-day pause on US President Donald Trump's threatened 25% tariff on Canadian goods, the co-founder of one of Canada's largest auto parts manufacturers was bewildered. 'Why blow it up?' Rob Wildeboer, executive chairman at Martinrea International, asked CNN. 'I don't know anyone in our company who wants tariffs between Canada and the US, because we work very well as a unit.' Martinrea manufactures a wide range of parts for large car companies including Volvo, Stellantis and Ford. The company employs around 19,000 people across the world, with most of its workforce in Canada, the United States and Mexico. 'We take care of our people everywhere,' Wildeboer said, showing CNN around the floor of his factory in Vaughan, Ontario, a small city just outside Toronto. Canada is the United States' closest trading partner, with exports and imports alone adding up to nearly a trillion dollars a year. The trade surplus rests at about $40 billion in Canada's favor, according to the US Congressional Research Service. Trump exaggerated this figure at Davos last month, incorrectly claiming that the US has a $200-$250 billion trade deficit with Canada. 'With respect to the so-called trade deficit,' Wildeboer said, 'If you take out cheap oil, which US refineries refine and make a ton of money, the US actually has a trade surplus.' Moreover, the exchange in auto parts between the two countries, Wildeboer explained, is pretty much even, give or take a few million dollars. 'Canada is the largest purchaser of US goods,' Wildeboer continued. 'We're a big customer. At the end of the day, I think you'd want to keep a customer.' Prior to Trudeau's announcement that the tariffs were on hold, workers at Martinrea told CNN they felt confident in the government's response. The prime minister had threatened tit-for-tat tariffs against American goods. Several provinces pulled American alcohol from government-owned liquor stores. Elon Musk was a notable target – hours before Trump and Trudeau had their last-minute negotiations Monday afternoon, Ontario premier Doug Ford 'ripped up' the province's contract with Musk's company Starlink. Sultan Egebesci, originally from Turkey, has lived in Canada for four years and has worked at Martinrea for three. She considers the company her 'second family.' 'Of course, I'm worried,' Egebesci told CNN when asked about the looming possibility of a trade war with the United States. But she said was trying not to stress out too much. 'I know when we do everything together, everything gonna be fixed,' Egebesci said of Canadians. 'Everything can be fixed.' Egebesci is encouraged by the movement to 'Buy Canadian,' and told CNN that when she shops, she first looks for a 'Made in Canada' label before making a purchase. 'I feel confident,' said Pisey Lim, another Martinrea employee. 'I really trust the company.' Her friends at other companies nearby, however, 'feel a little bit nervous.' 'They're scared they might lose their job,' Lim said. 'They see in their work, it's quite less work. Some people stay home.' Naitik Jariwalla, who's worked at Martinrea for three years, said he was worried about the possibility of losing his job, but thought Canada was 'taking the right steps.' 'The government has been prepared for almost a month now,' Jariwalla said. 'I have hope for Martinrea.' However, Jariwalla predicted that the issue wouldn't go away anytime soon. It's time, he said, to dig in. Canada should stand up to the United States 'even if it hurts a bit.' 'It may take one or two years to settle down,' Jariwalla told CNN. 'But this is a good time for Canada to support their legs and stop relying on another country. I think it's going to be good for Canada. I think Canada can grow.' 'It's gonna hurt anyhow,' Jariwalla continued. 'Either you deal with it right now, or in the future.' Despite the Canadian flags hanging on the factory walls, Martinrea is in some ways an American company, too. Wildeboer points out that the company employs twice as many people in the US as in Canada, particularly in Michigan, where Trump won a slim majority in 2024. 'We're a big deal locally,' Wildeboer said. 'We take care of a lot of people. I would say that a lot of those people like President Trump and they like his message: lower inflation, more jobs, strong economy. But with the tariffs and so forth, you're getting higher inflation, less jobs, weaker economy.' The executive guessed that those employees might change their mind on the president's agenda come midterm elections in two years. That said, apart from his position on tariffs, Wildeboer admitted he understands much of Trump's message about Canada. 'A lot of what President Trump or the Americans have said to Canadians has a lot of merit,' Wildeboer said. Trudeau's initial announcement that the tariffs were paused for 30 days focused almost exclusively on Canadian investment in border security and fentanyl mitigation. Though less than 1% of fentanyl trafficked into the US comes from Canada, Trump has fixated on the prospect of opiates streaming in over the northern border. In a recent 'Fact Sheet,' his administration claimed that there exists 'a growing presence of Mexican cartels operating fentanyl and nitazene synthesis labs in Canada.' In response, Trudeau has agreed to appoint a 'Fentanyl Czar' to deal with the issue. The prime minister even said that Canada would follow the US in declaring cartels as terrorist organizations, though Mexico's president said she considers the US designation unhelpful. 'In the context of fixing our border, dealing with fentanyl or immigration, I think that the vast majority of Canadians agree,' Wildeboer said. 'I think most Canadians would agree that we should spend more on our military. We should defend our Arctic. We have Chinese planes and Russian planes flying over our land. At the end of the day, that's our land. We should protect it. We should protect it with the United States.'
