Wescast says still focusing on cost cuts

Newswire

TORONTO, June 24 (Reuters) - Wescast Industries Inc. said on Tuesday it would focus on customer demands for lower costs amid speculation that it could lose $50 million in Ford Motor Co. parts orders to cheaper Chinese firms. In a statement released in response to an article in the industry magazine Automotive News, Wescast said its customers had been asking it cut costs to remain competitive. "Wescast has previously indicated that its customers have outlined aggressive costs targets ...

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