Thursday, May 31, 2007

Tiger Wheels fall 18 pct after warning on German unit

(Reuters) - Shares in South African automotive components maker Tiger Wheels Ltd plunged 18 percent on Thursday after the firm warned the performance of its global wheel manufacturing business is lower than its forecasts.

Shares in Tiger Wheels, which sells tyres at outlets in South Africa and also manufactures and sells aluminium wheels, fell 18.10 percent to 9.50 rand.


Read more at Reuters Africa

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