Alcoa to Sell Automotive Castings Unit

November 2007
Modern Casting;Nov2007, Vol. 97 Issue 11, p12
The article reports on the plan of Alcoa Inc. to sell its automotive castings unit as well as its packaging and consumer products division. The firm reportedly indicated its interest in selling the business when it announced in April 2007 that it would explore strategic alternatives involving the said units. It notes that the firm expects to take charges of $845 million as it closes in on the sale of the businesses. It also mentions the plan of the firm to restructure its electrical and electronics solutions business.


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