Cooper-Standard records losses for 2006

NOVI, Mich. (April 5) — Cooper-Standard Holdings Inc. reported a net loss of $8.4 million for 2006 and a loss of $7 million for the fourth quarter.

Amidst the losses, Cooper-Standard reported record sales of $2.2 billion for the year and $526 million for the fourth quarter. That compared to a fourth-quarter 2005 net profit of $2.7 million on sales of $441.5 million.

Results for 2006 were affected positively by the acquisition of ITT Industries Inc.’s automotive fluid handling systems business and negatively by $37.1 million…

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