Commercial Vehicle Group Reports 2Q Loss

Parts maker Commercial Vehicle Group reported it lost $22.5 million, or $1.04 per share, in the second quarter, compared with earning $3.1 million, or 14 cents, a year ago.

Revenues fell to $103.5 million, from $209.2 million in last year’s second quarter, CVG said late Tuesday.

The company said it was reducing inventories to cut costs and that it would not be providing revenue or earnings forecasts.