Rockwell spins off auto-parts division. (Rockwell International Corp.)

From: Crain's Detroit Business | Date: March 24, 1997| Author: Sherefkin, Robert | Copyright information

Executives at Rockwell International Corp. are learning that it isn't easy to build a high-profit automotive-parts supplier.

Flush with profits from the company's fast-growing electronics and automations units, a top Rockwell International (NYSE: ROK) executive ordered his Troy-based automotive unit in 1994 to pick up the pace, telling one official to "improve margins."

Shortly after, Donald Beall, chairman and CEO of the Seal Beach, Calif.-based conglomerate, insta...

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