Plant closure weighs Superior Industries down in Q3
North America’s largest manufacturer of aluminium car and truck rims, Superior Industries International, slid into the red in the third quarter of the 2014 financial year. The company reports a net loss of US$2.4 million due to quarter expenses of $6.9 million, which were largely associated with the upcoming closure of Superior’s factory in Rogers, Arkansas. Net sales for the third quarter decreased eight per cent to $176.4 million. Third quarter unit shipments fell 11 per cent from the corresponding prior year period to 2.6 million units versus 2.9 million units in 2013.