Linamar to create own sales force, save costs


TORONTO, Jan 19 (Reuters) - Linamar Corp. said on Monday it would pay $18.2 million to terminate deals with sales agents and create a sales organization of its own. The Guelph, Ontario-based auto parts maker said the buyout would be accounted as a one-time cost in the fourth quarter, adding that new sales staff will increase costs by $4.4 million a year from this year. Linamar said the Detroit-based sales agents would have cost it $8.9 million a year in commissions over the next three ...

Premium Content (PAID Subscription Required)

"Linamar to create own sales force, save costs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×