Accuride moves to head off slumping truck mart
Nov 07, 2012 | 05:00 PM
| Corinna Petry
Tags
Accuride,
Richard Dauch,
heavy truck industry,
closures,
layoffs,
Brillion Iron Works,
Imperial Group,
Gunite
Paccar
CHICAGO — Parts manufacturer Accuride Corp. has been very clear on how the falloff in truck build rates has affected its business as the North American industry struggles to work off an excess inventory of finished vehicles after it overbuilt for its market needs.
"Class 8 truck orders have been very weak, which has caused OEMs (original equipment manufacturers) to significantly reduce their build schedules during the third and fourth quarters," president and chief executive officer Richard Dauch told investors. "Volumes are down at least 25 to 30 percent in the second half of the year compared to the first."....
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