From time to time we make written or verbal statements that constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation, including, but not limited to, statements relating to:

  • Pacific Insight’s forecasts of LED lighting, electronic control modules and wire harnesses production in the United States, Canada and Mexico;
  • expected consolidated sales and split by segment sales, based on such LED lighting, electronic control modules and wire harnesses production volumes;
  • Adjusted EBITDA;
  • net interest expense;
  • effective income tax rate;
  • fixed asset expenditures;
  • implementation of improvement plans in our underperforming divisions and/or restructuring actions;
  • implementation of our business strategy including repositioning of our product portfolio and our accelerated innovation activities;
  • forecasts and other projections of vehicle production, prospects, strategies, financial condition, or economic performance;
  • expected sales;
  • potential purchase orders by original equipment manufacturers (“OEMs”);
  • production cycles of vehicle model revisions;
  • research and development initiatives to meet targeted business opportunities in the automotive, trucking, commercial vehicle and specialty vehicle industries;
  • patent protection;
  • demand for products and services;
  • relations with suppliers and customers;
  • growth prospects for our business; and
  • future returns of capital to our shareholders, including through dividends or share repurchases.

In addition, forward-looking statements may include statements regarding our future plans or objectives or or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. Generally, we use words such as “may”, “would”, “could”, “should”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “outlook”, “project”, “estimate” and similar expressions (or negative connotations thereof) to suggest future outcomes or events to identify forward-looking statements.

The forward-looking information in this website and related presentations/discussions are presented for the purpose of providing information about management’s current expectations and plans and such information may not be appropriate for other purposes. Any such forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.  If the factors or assumptions are untrue, it could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for products, anticipated costs and ability to achieve goals.  Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, the global economic climate, dilution, share price volatility, competition, and loss of key employees. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.

Forward-looking statements are subject to known and unknown risks and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:

  • the potential for a deterioration of economic conditions or an extended period of economic uncertainty;
  • declines in consumer confidence and the impact on production volume levels;
  • continuing global or regional economic uncertainty;
  • underperformance of one or more of our operating divisions;
  • our ability to successfully launch material new or takeover business;
  • conducting business in foreign markets, including China, Russia, India, Argentina and Brazil and other non-traditional markets for us;
  • legal claims and/or regulatory actions against us;
  • exposure to, and ability to offset, volatile commodities prices;
  • fluctuations in relative currency values;
  • our ability to successfully identify, complete and integrate acquisitions or achieve anticipated synergies;
  • our ability to conduct appropriate due diligence on acquisition targets;
  • ongoing pricing pressures, including our ability to offset price concessions demanded by our customers;
  • warranty and recall costs;
  • inability to sustain or grow our business;
  • our ability to successfully compete with other automotive suppliers;
  • shifts in market share away from our top customers;
  • shifts in market shares among vehicles or vehicle segments, or shifts away from vehicles on which we have significant content;
  • a shift away from technologies in which we are investing;
  • a reduction in outsourcing by our customers or the loss of a material production or assembly program;
  • sources and availability of raw materials;
  • the termination or non-renewal by our customers of any material production purchase order;
  • restructuring actions by OEMs, including plant closures;
  • restructuring, downsizing and/or other significant non-recurring costs;
  • scheduled shutdowns of our customers’ production facilities (typically in the third and fourth quarters of each calendar year);
  • cooperation and performance of strategic partners;
  • shutdown of our or our customers’ or sub-suppliers’ production facilities due to a labour disruption;
  • a prolonged disruption in the supply of components to us from our suppliers;
  • impairment charges related to goodwill, long-lived assets and deferred tax assets;
  • production disruptions due to natural disasters; pension liabilities;
  • changes in our mix of earnings between jurisdictions with lower tax rates and those with higher tax rates, as well as our ability to fully benefit tax losses;
  • other potential tax exposures;
  • inability to achieve future investment returns that equal or exceed past returns;
  • risks arising due to the failure of a major financial institution;
  • liquidity risks;
  • bankruptcy or insolvency of a major customer or supplier;
  • the unpredictability of, and fluctuation in, the trading price of our common shares;
  • work stoppages and labour relations disputes;
  • changes in credit ratings assigned to us;
  • changes in laws and governmental regulations;
  • costs associated with compliance with environmental laws and regulations; and
  • other factors set out in our Annual Information Form filed with securities commissions in Canada

In evaluating forward-looking statements, we caution readers and listeners that such statements are only predictions and the actual events or results may differ materially and not to place undue reliance on any forward-looking statements and readers and readers and .listeners should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements.

Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise, except in accordance with applicable securities laws.