5 Canadian companies on the 2022 Automotive News Top 100 Global Suppliers List


5 Canada-primarily based car components makers discover by themselves on the 2022 Automotive News Best 100 Worldwide Suppliers Record.

The list, produced Monday, tracks revenue to automakers from the earlier year.

Magna Global Inc., Linamar Corp., Martinrea Intercontinental Inc., Multimatic Inc., and ABC Systems landed on the checklist. All but ABC Technologies were being on the record a yr back.

Magna Global Inc., dependent in Aurora, Ont., remained fourth on the checklist. It is the only Canadian enterprise in the best five.

Magna experienced profits of $36.2 billion (all figures in USD) to automakers worldwide, up 11 for each cent about 2020. The firm was also North America’s most significant supplier.

Even with the increase, Magna has been talking with automakers about approaches to strike a much better harmony economically.

“We continue on our conversations with consumers at different ranges nearly on a daily foundation,” Magna CEO Swamy Kotagiri mentioned during a phone with analysts in April.

He mentioned talks involving Magna, the major North American vehicle provider, and automakers have been “open up and clear” but sometimes “tricky.”

“Likely ahead, we will try out to reflect the new economics in our most important marketplaces in North The usa and Europe,” Kotagiri stated. “Inflation has been steady and modest for a long time, as an example, but now it is really large. … We are searching at various preparations heading ahead to see how we can recuperate the enhanced prices.”

Below is how the other Canadian corporations in the major 100 fared:

  • Linamar Corp. of Guelph, Ont., moved up to 6 spots to 54 from 60 on the list with $3.7 billion in revenue, up from $3.2 billion a yr ago
  • Martinrea Intercontinental Inc. of Vaughn, Ont. climbed 10 rungs up the ladder, landing at No. 63, up from No. 63 previous year. It posted $2.95 billion in sales, up from $2.44 billion in 2019
  • Multimatic Inc. of Markham, Ont., edged up just one spot to No. 95, with an believed $1.19 billion in revenue. That was up from the $1.06 billion the 12 months in advance of.
  • ABC Systems of Toronto came in at No. 97 following missing the top 100 a 12 months ago. It did $971 million in income, up from the $823 million in 2020.

Robert Bosch and Denso Crop. And ZF Friedrichshafen all managed to preserve the top a few spots, respectively.

With files from Automotive News.


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