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Simpson Industries Inc

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July 3, 1998 | From Bloomberg News
Two more U.S. auto parts makers, ITT Industries Inc. and Simpson Industries Inc., said Thursday that labor strikes crippling General Motors Corp.'s North American production will reduce their second-quarter profits. ITT Industries, a White Plains, N.Y.-based maker of auto parts, pumps and electronics, said the walkouts will trim about $16 million in operating profit, or 8 cents a share. Plymouth, Mich.-based Simpson expects its profit to be cut as much as 5 cents a share.
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BUSINESS
July 3, 1998 | From Bloomberg News
Two more U.S. auto parts makers, ITT Industries Inc. and Simpson Industries Inc., said Thursday that labor strikes crippling General Motors Corp.'s North American production will reduce their second-quarter profits. ITT Industries, a White Plains, N.Y.-based maker of auto parts, pumps and electronics, said the walkouts will trim about $16 million in operating profit, or 8 cents a share. Plymouth, Mich.-based Simpson expects its profit to be cut as much as 5 cents a share.
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