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When Superior Industries International reported a 79 percent drop in net income from last year's first quarter, the company said wheel shipments were driven down in part by "overall industry trends."
Don Stebbins talks about the supplier's $715 million deal to buy its German competitor and where it goes next.
Superior Industries posted a 79 percent plunge in first-quarter net income to $3.1 million, saying it experienced higher costs and lower unit sales in the quarter.
Wheel supplier Superior Industries has launched an offer to buy Uniwheels for around $715 million after winning the support of the German company's biggest shareholder.
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