UPDATE 2-Dura Automotive posts 2nd-qtr loss, shrs plummet

Newswire

(Recasts, adds CEO comment, details, updates stock activity) CHICAGO, July 27 (Reuters) - Auto parts maker Dura Automotive Systems Inc. on Thursday posted a much wider-than-expected loss due to industry production cuts, the loss of General Motors business and higher costs, sending shares plummeting as much as 42 percent to an all-time low. Dura, which makes parking brakes, pedals and gear shifts, also said it plans to cut 510 workers by the end of the year. In February. it announced ...

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