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Superior Industries Inc

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BUSINESS
February 10, 1998
Superior Industries Inc. was awarded a contract from Volkswagen to supply aluminum wheels for the company's new VW Beetle. Superior will manufacture the wheels at its Chihuahua, Mexico, plant beginning in the middle of this year. Superior, which is based in Van Nuys, is a major supplier of aluminum wheels to the Big 3 auto makers, plus European and Japanese car makers, although this latest contract marks its first deal to supply aluminum wheels to Volkswagen.
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BUSINESS
February 10, 1998
Superior Industries Inc. was awarded a contract from Volkswagen to supply aluminum wheels for the company's new VW Beetle. Superior will manufacture the wheels at its Chihuahua, Mexico, plant beginning in the middle of this year. Superior, which is based in Van Nuys, is a major supplier of aluminum wheels to the Big 3 auto makers, plus European and Japanese car makers, although this latest contract marks its first deal to supply aluminum wheels to Volkswagen.
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BUSINESS
September 12, 1995
Superior Industries Inc., a Van Nuys maker of aluminum car wheels, said it expects third-quarter net income to fall about 25% to roughly $9 million from $12.6 million in the same quarter last year. Sales are expected to be about $115 million for the quarter, up 7% from last year, but due to an increase in aluminum prices. The price of Superior's shares fell as much as 15% on the news.
BUSINESS
September 12, 1995
Superior Industries Inc., a Van Nuys maker of aluminum car wheels, said it expects third-quarter net income to fall about 25% to roughly $9 million from $12.6 million in the same quarter last year. Sales are expected to be about $115 million for the quarter, up 7% from last year, but due to an increase in aluminum prices. The price of Superior's shares fell as much as 15% on the news.
CALIFORNIA | LOCAL
June 22, 1999
Superior Industries International Inc., Van Nuys, announced that it has won multiyear contracts worth more than $250 million annually for its aluminum wheels and automotive components from several major auto manufacturers. The contracts include reorders for 2000 model year vehicles from Mercury, Chevrolet, General Motors and BMW as well as new business from unnamed global auto manufacturers.
BUSINESS
February 22, 1995 | Times Staff and Wire Reports
Van Nuys-based Superior Industries International Inc. said it agreed to form a joint venture with Germany's Otto Fuchs Metallwerke to produce aluminum wheels for the European automotive market. . . . Monsanto Co. said it has completed its acquisition of Merck & Co.'s San Diego-based Kelco specialty chemicals unit for about $1.08 billion.
CALIFORNIA | LOCAL
January 11, 2000
Superior Industries International Inc. said that it has won orders for aluminum road wheels from DaimlerChrysler Corp. The terms were not disclosed. Van Nuys-based Superior supplies aluminum wheels and other aluminum components to Ford, General Motors, DaimlerChrysler, BMW, Volkswagen, Audi, Rover, Toyota, Mazda, Nissan and Isuzu.
CALIFORNIA | LOCAL
July 20, 1999
Superior Industries International Inc., Van Nuys, reported net income of $19.2 million for the second quarter ending June 30, an increase of 56% over its $12.3 million for the like quarter of 1998. Revenues rose 12% to $155 million. Superior supplies aluminum wheels and other aluminum components to auto makers.
BUSINESS
October 18, 2003 | From Bloomberg News
Superior Industries International Inc., a maker of car and truck wheels, said third-quarter earnings fell 39% because of production declines and increased costs. Net income fell to $10.7 million, or 40 cents a share, from $17.7 million, or 65 cents, in the year-earlier period. Sales were little changed at $187.4 million as shipments decreased 2%, the Van Nuys firm said.
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