from cibcAs a result, we have seen: 1) fewer disruptions to North American production, and 2) some production shift to North America from Europe. This in turn benefits MRE. Additionally, not only has MRE benefited from its geographic positioning with 70+% of sales coming from North America, but the programs it is on have been in high demand. OEMs have prioritized their higher-margin vehicles, which are often pick-up trucks and luxury vehicles. With MRE being overindexed to pick-ups and SUVs, it benefits from this heightened production...Despite posting solid Q1 results, make no mistake that the auto industry remains challenged with various headwinds outside of the suppliers’ control whether that be supply chain issues, rising COVID cases or heightened commodity prices.