Cooper Standard income dips for 2018

Novi, Michigan – Cooper Standard Automotive Inc. reported sales gains, but saw a decline in net income for 2018.

Sales for the year came in at $3.63 billion (€3.2 billion), up slightly compared to $3.62 billion in 2017.

Net income decreased to $107.8 million compared to $135.3 million the year before.

For the fourth quarter, sales dropped to $872 million compared to $937.9 million.

The firm reported a $23.1 million loss in the fourth quarter compared…

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