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Accuride Disappoints in Q4

(Clacton, U.K./Tyres & Accessories) Fourth-quarter financial figures from wheel manufacturer Accuride were “somewhat disappointing,” according to Deutsche Bank pundits.

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Sales were up two per cent, against an expected 11 per cent. Lower volumes and high aluminium prices were cited as the reasons. The analysts are lowering their estimates for 2006 for Accuride, but are maintaining their “Hold” rating.

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