Linamar mulls purchase of Ford Mexican unit

Newswire

(Adds details) TORONTO, April 30 (Reuters) - Linamar Corp. said on Monday it was in talks with Ford Motor Co. to buy the automaker's Converca I Plant power transfer unit in Nuevo Laredo, Mexico. The companies said the transaction is subject to due diligence, negotiation and approval of business terms. No financial terms were disclosed. Linamar said it was eyeing the Converca I Plant and product engineering group for its power transfer unit capability, which would enhance the ...

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