Simpson lowers earnings expectations

PLYMOUTH, Mich. (Sept. 5)—Simpson Industries Inc. said it expects its earnings for the second half of 2000 to be unfavorably impacted by a larger than anticipated drop in heavy-duty volumes, further weakening of the euro and increased product launch activities. Simpson said it expects earnings to fall in the range of $1.03 to $1.05, down 10 to 12 cents per share from earlier forecasts. Simpson´s product portfolio includes noise, vibration and harshness components for the passenger, medium- and heavy-duty truck markets.