What is Maxion Wheels focusing on?

During the financial year before last, the Brazilian Iochpe-Maxion Group (the parent company of Maxion wheels) bought Hayes Lemmerz for approximately US$725 million. The acquisition came after the world’s largest wheel manufacturer put down two bankruptcies during the first part of the new millennium, and thus had large amounts of debt to contend with. Eventually the company’s investors finally ran out of patience leaving the obvious question – what has happened to the car aluminium wheel division since then?

The rest of this article is for subscribers only:
Log inSubscribe

Comments closed