Cooper-Standard posts Euro 90 million loss

ERJ staff report (DS)

Novi, Michigan – Cooper-Standard Holdings Inc.-parent of automotive parts supplier Cooper-Standard Automotive Inc.-posted a net loss of $121.5 million (Euro 90.3 million) in 2008, compared to a loss of $151 million a year earlier, the company announced 2 April.

The Novi-based firm reported sales of $2.59 billion, up 3.4 percent from 2007, but the increase resulted primarily from the full-year impact of 2007 acquisitions, including European businesses of Metzeler Automotive Profile Systems.

In the fourth quarter, Cooper-Standard posted a net loss of $116.1…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with