Meritor quarterly earnings, sales jump
TROY—Meritor Inc. (NYSE: MTOR) reported net income of $42 million or 58 cents a share in its third fiscal quarter, which ended June 30. That’s up from a loss of …
TriMas packaging offers fully recyclable, single-material dispenser pumps
BLOOMFIELD HILLS—Officials at TriMas Corp., (NASDAQ: TRS) announced that Rieke, part of its TriMas Packaging group, has advanced its commitment to sustainability with the commercialization of the patented Mono-2e pump, …
TriMas names new general counsel
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS) announced the appointment of Jodi Robin as the company’s general counsel, effective May 6. She will report to Thomas Amato, TriMas president and CEO. Robin …
Henry Ford College to provide advanced manufacturing training with LIFT
DETROIT–LIFT, the Detroit-based, Department of Defense-supported national manufacturing innovation institute, today announced that it has partnered with Henry Ford College to provide advanced manufacturing training opportunities through the institute’s “Operation …
State aid OK’d for Industry 4.0, ‘build ready’ sites, manufacturing expansion, Flint settlement
LANSING—Regional grants for Industry 4.0 readiness, a business expansion and more got approval from the Michigan Strategic Fund board this week. The MSF OK’d nearly $2 million in grants for …
TriMas profits flat on higher sales
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS) reported net income of $13.1 million or 30 cents a share in the first quarter, unchanged from a year earlier. Revenue was $206.7 million, up …
Stoneridge profit shrinks
NOVI—Stoneridge Inc. (NYSE: SRI) reported first quarter net income of $130,000 or less than a penny a share in the first quarter, down from $3.5 million or 13 cents a …
Horizon discloses sales increase, bigger credit line
PLYMOUTH—Officials at Horizon Global Corp. (NYSE: HZN), the manufacturer of branded towing and trailering equipment, announced preliminary net sales results for the first quarter of 2021 and announced a $10 …
Lear acquires injection molding firm
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield manufacturer of automotive seating and electronics systems, announced the acquisition of M&N Plastics, a privately owned, Sterling Heights-based injection molding specialist and manufacturer of …
Shyft Group to build EV work truck bodies
NOVI—DuraMag, a brand of the Shyft Group’s specialty vehicles business unit, will engineer, manufacture, and install vocational body upfits for Boston-based EV Transportation Services Inc. and its FireFly vehicles, making …