Linamar’s Frank Hasenfratz, who founded a $5-billion global auto parts company from his garage, dies at 86

Frank Hasenfratz, a Hungarian immigrant who built Linamar Corp. into a $5-billion auto-parts company from a startup venture in his garage, died Saturday at the age of 86.

“He leaves a tremendous legacy on the Canadian business landscape, changed the lives of so many, and provided careers, livelihoods and opportunities for thousands of people. He inspired and taught so many, myself most profoundly, and his spirit will live on in each of us as we continue to build the legacy of Linamar.”

The freighter docked in Quebec City, where an immigration officer boarded and asked Mr. Hasenfratz to identify himself. “I told him that I was a Hungarian refugee,” Mr. Hasenfratz told the Globe and Mail’s Gordon Pitts in a 2005 interview. “It took him five or 10 minutes and he gave me immigration status, including $5 to spend. I filled out the paper, he said, ‘Sign here,’ and ‘Welcome to the country.

Linamar, founded formally in 1966, took its name from Mr. Hasenfratz’s daughters Linda and Nancy and wife Margaret. It went public on the Toronto Stock Exchange in 1986 and began a global expansion in the 1990s. A series of acquisitions expanded its geographic reach and its number of product lines. It also includes Frank Stronach, founder of auto parts giant Magna International. Mr. Hasenfratz and Mr. Stronach came to Canada within three years of each other, built big auto parts companies, and each had a daughter succeed him at the top of the company.

jamiejmuir Because he took the vaccine! Shame on us all for letting these criminals do this to us! May he Rest In Peace.

Must have been unvaccinated. RIP

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

B.C. forestry company followed rules but could have done more to prevent landslides, says independent watchdog | CBC NewsAn investigation by B.C.'s independent watchdog for forestry management practices has found that Tolko Forest Industries were not responsible for landslides in Vernon, B.C. in 2020, but that the company could have done more to help mitigate the situation. How much input into the rules do forest companies have? Obviously it's in their interest to make regulations as lax as possible. Then when something goes wrong the firms can state' 'We followed the rules!' So it's a policy failure, then? “independent watchdog”, lol. That’s like a fox investigating a crime scene at a henhouse.
Source: CBCNews - 🏆 2. / 99 Read more »

Motor Mouth: 6 fearful predictions for the auto industry in 2022Jaguar will be gone, there’ll be a revolution in China, and EVs’ price parity with ICE\u002Dpowered cars looks as elusive as ever
Source: nationalpost - 🏆 10. / 80 Read more »