Cincinnati.ComThe EnquirerWCPORedsBengalsJobsCarsHomesWeatherTrafficSubscribe
enquirer.com
Jun. 18, 2003
HOME
LOCAL
SPORTS
BUSINESS
EDITORIALS
TEMPO
ENTERTAINMENT
CLASSIFIED
ARCHIVE
SEARCH

 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Survey 

You can trust Cincinnati.com Advertisers! Click here.

 
Wednesday, June 18, 2003

AK Steel settles with GM



The Associated Press

MIDDLETOWN - AK Steel Corp. and its largest customer, General Motors Corp., have ended their court fight over expenses from steel shipments.

GM, the world's largest automaker, filed suit in December in Michigan, and Middletown-based AK Steel filed a subsequent claim in Ohio. The companies dropped the litigation last month.

"We have agreed to resolve all of the issues without litigation," AK Steel spokesman Alan McCoy said Tuesday. He declined to disclose any details.

GM accounted for 20 percent of AK Steel's net sales in 2002, McCoy said.

"We continue to enjoy a very good relationship with GM," he said.

GM spokeswoman Renee Rashid-Merem confirmed that GM has withdrawn its litigation.

At issue was whether AK Steel can charge GM more for shipments under an existing contract because of increased costs the steel manufacturer says it has incurred for quality-related inspections requested by GM.

The sluggish economy and tariffs on foreign steel have prompted U.S. steel makers in recent months to ask for their first price increases in long-term contracts with automakers since the mid-1990s.

Steel is the primary material of most vehicles, accounting for about 55 percent of their weight.



AK Steel settles with GM
Securities fraud bill adds punch
More make a living with their hands
PEALE: What's the Buzz?
Production up; fear of deflation ebbs
Former boss of Rite Aid guilty in fraud case
GE contract raises wages, bumps up insurance costs
Fifth Third to increase dividend
Tristate summary
Business Digest

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

Liberty Media Looking at Vivendi Assets

Murdoch's Sky Radio Buys Danish Station

London Share Prices Rise

Bank of France Chief Acquitted

Morgan Stanley's Profit Drops 25 Percent

TECHNOLOGY NEWS

Oracle Raises Offer in Bid for PeopleSoft

EDS to Cut 2 Percent of Work Force

Microsoft Releases New Instant Messenger

Senator Takes Aim at Illegal Downloads

FCC Asked to Nix News Corp.-DirecTV Deal

AP TOP HEADLINE NEWS

U.S. Captures No. 4 Iraqi Official

Democrats Seek Changes in Medicare Bill

Pope Accepts Phoenix Bishop Resignation

Israel May Retaliate for Girl's Murder

Troops Testify in Kuwait Grenade Attack

Police Chief Who Led Sniper Probe Resigns

Army General Nominated to Replace Franks

Court Strikes Down 'Stealing Love' Law

Blue Chips Fall on Kodak, Clorox Warnings

Ole Miss Mascot Colonel Rebel Out of Job




Jun. 18, 2003
HOME
LOCAL
SPORTS
BUSINESS
EDITORIALS
TEMPO
ENTERTAINMENT
CLASSIFIED
ARCHIVE
SEARCH
Enquirer.com at Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

SubscribeTrafficWeatherHomesCarsJobsBengalsRedsWCPOThe EnquirerCincinnati.Com



Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2003. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.