August 10, 2022, Guelph, Ontario, Canada (TSX: LNR)
- Excellent new business wins (“NBW”) take launch book to nearly $4.9 billion;
- 74% of year to date (“YTD”) NBW with electrified vehicleS
- Sales up 28.2% for Industrial due to strong agricultural and access sales on stronger markets and market share growth;
- Sales up 25.0% for Mobility on stronger markets and cost recoveries;
- Two acquisitions completed in the quarter;
- Strong content per vehicle1 growth in North America and Europe driven by a positive customer platform mix and launches; and
- Liquidity1, measured as cash and cash equivalents and available credit as at June 30, 2022, was $1.4 billion.