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Re: Democritus_of_Abdera post# 381

Thursday, 07/31/2014 9:19:14 AM

Thursday, July 31, 2014 9:19:14 AM

Post# of 405
An alternative target for impairment that might be the cause of the 2014Q2 reporting delay is the US automotive division...

However, further impairment of US automotive operations would surprise me... In the fourth quarter 2012 a non-cash goodwill and asset impairment charge of $22.0 million was recorded. It was comprised of a goodwill impairment of $9.9 million and a write-down of long -lived assets of $12.1 million.