DETROIT – German supplier Kolbenschmidt Pierburg Group staged a financial recovery in North America last year, Gerd Kleinert, chairman of the company’s board of management, says at a media briefing here. North American sales for the powertrain component supplier have grown steadily over the past four years, from $240 million in 2001 to $314 million in 2004, he says. Total global sales were $2.4 billion last year for the supplier, up 3% from 2003. Some 14% of the supplier’s total 2004 ...
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