DETROIT -- Wheel and powertrain supplier Hayes Lemmerz International Inc. said it lost $17.6 million on revenue of $572.8 million during the quarter ending April 30. That compares with a loss of $7.7 million on revenue of $589.2 million during the same quarter a year ago.
The Northville, Mich., company, said it increased its available cash and lines of credit by $20 million during the quarter, to $144 million.
"Our key goals for 2006 are to execute on our operating plan, focus our capital expenditures in growth areas, maintain adequate liquidity and drive toward positive free cash flow," Hayes CEO Curtis Clawson said in a press release. "I am pleased with our progress in all four areas."