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And now for the rest of the story ...(Metaldyne Corp., Collins and Aikman Corp.)
Crain's Detroit Business, September, 2005 by Kramer, Mary
Byline: Mary Kramer Tim Leuliette doesn't mince words. The chairman, president and CEO of Metaldyne Corp. thinks Crain's got it wrong when we put a story on Page 1 last week about accounting-system problems the privately owned supplier is working to correct. There were two factual errors in our Aug.
29 story, which are corrected on Page 2 this week. Beyond that, he believes the headline ("Metaldyne muddle'') and the prominent placement were unfair. The accounting problems were reported a year ago, had been discovered by Leuliette's own in-house financial team and stem from practices Metaldyne inherited from companies acquired by private-equity investors to form Metaldyne in 2001. Our reporter was unaware the company's auditors already issued that opinion...
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