Linamar Exposed, Magna Not So Much, to U.S. Nafta Auto Threat
Of the U.S. demands expected to complicate round five of Nafta negotiations this week in Mexico City, here’s one of the more contentious: an American proposal that half of all parts and vehicles that cross borders under the pact be made in the U.S. While that might sound onerous for auto-parts manufacturers in Canada, some companies aren’t far off from that threshold, according to data compiled by Bloomberg. Canada’s largest auto-parts maker Magna International Inc., is among the most protected with about 48 percent of the Aurora, Ontario-based company’s North American plant and equipment located in the U.S. already, the data show.