Plant is entirely dependent on GM’s assembly line, 77 workers to be relocated.
Q2 looks even stronger: estimating adjusted earnings of between 49 and 53 cents per share.
Increase driven by North America and Europe operating segments.
Quarterly sales a record at $941.8 million.
Revenues hit a record $859.5M, up from $767.9 million.
Auto parts manufacturer’s revenue hits record high 12.7% to almost $931 million.
Will manufacture engine cradles and automotive assemblies for GM.
Autoparts manufacturer also announces $51.4 million net loss for the three months ending Dec. 31.
Vehicle sales are up in April but down for the year in China, but business is booming in North America where Ford Motor Co. is adding a week of production several plants.