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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 business’s recent stock rout – down 26 percent so far this month – is “frustrating” and reflects a few key misunderstandings concerning the health of the auto industry.

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

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

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