Cooper Standard reports higher sales, lower income

Novi, Michigan – Cooper Standard Automotive Inc. reported increased sales, but a decrease in net income for the third quarter of 2017.

The firm’s sales increased about 1.56% to $869 million, which it said was a record for the third quarter. Its net income, however, decreased about 32.5% to $24.6 million.

Jeffrey Edwards, Cooper Standard chairman and CEO, said in a statement that Europe, Asia-Pacific and South America more than offset lower sales stemming from reduced light vehicle production in north America. The firm added that customer…

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