November 2, 2006 |
Superior Industries International Inc. said its losses deepened in the third quarter as struggling carmakers including Ford Motor Co. and General Motors Corp. cut back their demand for the company's aluminum wheels. The Van Nuys-based company posted a quarterly loss of $7.7 million, or 29 cents a share, compared with a year-earlier loss of $133,000, or break-even on a per-share basis. Sales slipped 2% to $174.3 million from $178.3 million a year earlier.
September 16, 2006 |
Van Nuys-based wheel maker Superior Industries International Inc. said it was closing a Tennessee factory because production cuts by U.S. automakers were reducing demand. Shutting the Johnson City plant will eliminate about 500 jobs, the company said. Including a total of 600 positions trimmed this year at factories in California and Arkansas, Superior has reduced employment by 16% from 6,700 at the end of 2005.
June 17, 2006
* A judge in Houston delayed the sentencing of former Enron Corp. executives Kenneth L. Lay and Jeffrey K. Skilling to Oct. 23 to give their lawyers more time to prepare appeals. * Van Nuys-based Superior Industries International Inc., which manufactures automotive wheels, said it would lay off about 225 chrome-plating workers at a plant in Fayetteville, Ark. * A federal judge approved Dutch retailer Royal Ahold's $1.
February 2, 2006 |
Leading aluminum wheel maker Superior Industries International Inc. said Wednesday that it would fire 375 employees, or nearly 6% of its workforce, as it tried to steer the company in a new direction. The layoff affects more than half of the 635 manufacturing workers at its Van Nuys plant and comes amid a difficult time for the industry, which has been beset by increased competition and a slowdown in production by U.S. automakers.
July 28, 2005 |
Hilton Hotels Corp. said Wednesday that second-quarter profit more than doubled, boosted by hotel sales and higher room rates in key destinations including New York, Hawaii and Boston. Net income at the third-largest U.S. hotel chain rose to $202 million, or 49 cents a share, from $75 million, or 19 cents, a year earlier as revenue rose 10% to $1.18 billion.
June 11, 2005 |
Van Nuys wheel maker Superior Industries International Inc. said Friday that declining orders might cut second-quarter earnings to as little as 15 cents a share, which would be its lowest quarterly profit since 1991. The company's shares fell nearly 2% on the news. Superior, the world's No. 2 automotive wheel maker in terms of annual revenue, said profit in the period ended June 30 was expected to be 15 cents to 17 cents a share.