November 19, 2019 / 10:57 AM / a month ago

Melrose says GM strike hurt its automotive and powder metallurgy divisions

(Reuters) - Turnaround specialist Melrose Industries said on Tuesday its automotive and powder metallurgy sales for a four-month period was hit by a strike at U.S. automaker General Motors.

The UK-based company, which makes components for General Motors, Boeing, Rolls-Royce among others, said sales in powder metallurgy and automotive fell 13% and 5% for the four months ended Oct. 31, respectively, while aerospace grew 5%.

Several auto parts makers have been impacted by the 40-day strike at GM, which began on Sept. 16.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber

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