Forward-Looking Statements

The Website contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking statements based on certain assumptions and reflect Wescast’s current expectations.   Such forward-looking statements may include financial and other projections as well as statements regarding Wescast’s future plans, objectives or performance for the current fiscal year and subsequent periods.  The words “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “forecast”, “project” and “believe” or other similar words and phrases are intended to identify forward-looking statements.  Persons using the Website are cautioned that such statements are only predictions, and that Wescast’s actual future results or performance may be materially different.

This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including our perception of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate in the circumstances. 

Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties principally relate to the risks associated with the automotive industry and include, but are not limited to: 

• our operating and/or financial performance, including the effect of new accounting standards on our reported financial results
• fluctuations in interest rates
• changes in consumer and business confidence levels
• consumers’ personal debt levels, vehicle prices, the extent and nature of purchasing or leasing incentive campaigns offered by automotive manufacturers
• environmental emission regulations
• fuel prices and availability
• the continuation and extent of outsourcing by automotive manufacturers
• changes in raw material and other input costs
• our ability to continue to meet customer specifications relating to product performance, cost, quality, delivery and service
• industry cyclicality or seasonality
• trade and/or labour issues or disruptions
• customer pricing pressures, pricing concessions and cost absorptions
• actual levels of program production volumes by our customers compared to original expectations, including program cancellations or delays, price reduction pressures, dependence on certain engine programs and the market success and consumer acceptance of the vehicles into which such powertrain products are installed
• our relationship with and dependence on certain customers
• currency exposure
• failures in implementing Wescast’s strategy, technological developments by Wescast’s competitors
• government and regulatory policies and changes in the competitive environment in which Wescast operates. 

These forward-looking statements are made as of the date of posting to this Website or as of the document date, whichever is earlier, and, unless otherwise required by applicable securities laws, Wescast does not intend, nor does it undertake any obligation to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.  Wescast does not assume any duty of disclosure beyond that which is requested by laws