
High raw-material costs drive negative operating earnings at Hayes Lemmerz .
Oct 5 (Reuters) - Brazilian wheels and chassis maker Iochpe-Maxion SA said on Wednesday it has signed an agreement to buy Hayes Lemmerz International Inc for about $725 million.
Higher steel costs will likely hurt profits at Hayes Lemmerz .
Hayes Lemmerz is among the riskiest auto suppliers we cover.
reduced sales for parts manufacturers that rely heavily on domestic automakers including American Axle AXL, Dana DCN, Hayes Lemmerz HAYZ, and ArvinMeritor ARM. The hit to operating margins will likely be even greater due to these firms' high fixed