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Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.


TSX:MRE - Post by User

Comment by willyk3on Apr 05, 2024 11:42am
118 Views
Post# 35972920

RE:This is just dead money for awhile...

RE:This is just dead money for awhile...The electric fiasco is just that...a fiasco. The push to electric tho is a long term phenonoma and will proceed with or without government prodding. Technology works seamlessly with electric motors for the creation of true driverless cars...but in the meantime if the sector is in a funk alot of it is self inflicted.

I can look down my street and see half a dozen neighbors, myself included who would dearly love to replace an existing vehicule...but we do not.  Why not...PRICE..

Dealerships , after covid have discovered the secret sauce...a shortage of cars keeps prices high indefinetly. One shortage after another, chips, transport,labor...you name it ...they just keep coming and all the while  the dealership lots are empty, while produced autos are stashed in holding lots to keep the pretence up. We are expected to pay over list price and get put on a waiting list just to get a car.

In the meantime the industry fights to protect its turf, keep imports out, give some mouth watering wage gains to workers..   yet I could go to Brazil and buy some magnificent vehicules at extremely attractive prices.....not here tho!

Bring the price down...not even by that much...just stop the gouging...the demand will surprise you..and it would be good news for the entire industry..parts manufacturerrs included
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