Third Quarter Figures From Hayes Lemmerz

Hayes Lemmerz International has issued its third quarter figures. Sales for the three months ending 31.10.

2000 were down to $558 million ($599 million in third quarter 1999). Sales for the first nine months totalled 1,696 million ($1,731 m). A drop in sales to the North American heavy truck industry and the weak Euro were cited as reasons for the decrease.

Hayes Lemmerz has initiated restructuring programmes to reduce spending and dispose of surplus assets. The workforce will be reduced by 1,200 globally..