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Auto parts companies with exposure to faster-growth hybrid and electric vehicles like Magna International and Linamar Corporation are likely to do well in 2022 and beyond.

It’s been a difficult few years for the auto industry. Global light vehicle production declined from 2017 to 2020. The ongoing pandemic and severe supply chain shortages kept the growth in 2021 in check. However, this is setting up a scenario where production can grow on a multiyear basis. In particular, auto parts companies with exposure to faster-growth hybrid and electric vehicles like Magna International (MG.TO) and Linamar (LNR) can do well.
Linamar Corporation (LNR.TO)
Linamar Corporation is a Canada-based manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. It operates under two segments, namely the Industrial and Mobility segments. The Industrial segment is consists of Skyjack and MacDon. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry…

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