UPDATE 1-Westcast battered by recession, Detroit woes

Newswire

* Q2 loss C$0.62/shr vs C$0.20/shr * Sales drop 44 percent to C$49.5 mln * Quarterly loss worse than analyst forecasts TORONTO, July 29 (Reuters) - Wescast Industries Inc reported a larger-than-expected second-quarter loss on Wednesday as the troubles at the big Detroit-based automakers ate into business and sales slumped 44 percent. Wescast, the largest manufacturer of exhaust manifolds for cars and light trucks in North America, said it had a net loss of C$8.1 million ($7.5 ...

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