Auto recovery boosts Superior Industries
SOUTHFIELD—Superior Industries International Inc. (NYSE: SUP), the aluminum automotive wheel manufacturer, reported net income of $1.7 million in the second quarter ended June 30, up from a loss of $43.2 …
ZF gets $6B axle contract for Marysville plant
MARYSVILLE—Officials at the German auto supplier ZF announced that its Marysville plant has secured a nearly $6 billion contract for the delivery of beam axles and axle drives for pick-up …
Ford gets deal with net-zero parts supplier
DEARBORN—Ford Motor Co. announced the launch of a new “net zero automotive program” with West Sacramento, Calif.-based Origin Materials. Origin’s Net Zero Automotive Program is a sustainable automotive supply chain …
Superior announces production resumed at all locations, predicts 2Q loss
SOUTHFIELD—Superior Industries International Inc. (NYSE: SUP), the supplier of aluminum wheels to the transportation industry, announced that it had resumed production at all its plants following the suspension of production …
Lear names Halverson to board
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based supplier of automotive seating and electronics, announced that Bradley M. Halverson has been appointed to its board of directors. Halverson is an experienced director …
Lear ramps up protective mask production
SOUTHFIELD—Officials at Lear Corp. (NYSE: LEA), the Southfield-based manufacturer of transportation seating and electronics, announced that it has added new equipment at its factory in Pine Grove, Pa., to make …
Superior Industries faces NYSE delisting threat
SOUTHFIELD—Superior Industries International Inc. (NYSE: SUP), a manufacturer of aluminum wheels for the transportation industry, announced that on June 5, it received notice from the New York Stock Exchange that …
Cooper Standard names three new board members
NORTHVILLE—Cooper Standard Automotive Inc., the Northville-based auto supplier, announced the appointment of three new members to its board of directors: John G. Boss; Richard J. Freeland; and Adriana E. Macouzet-Flores. Boss …
Lear profits, sales fall amid slowdown
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield supplier of automotive seating systems and electronics, reported net income of $76 million or $1.26 per share, down from $229 million or $3.73 per …
Writedown causes huge loss at Superior Industries
SOUTHFIELD—The aluminum wheel manufacturer Superior Industries International Inc. reported a loss of $190.1 million or $7.84 a share in the first quarter of 2020, compared to net income of $2 …