Superior Posts 1Q Loss Amid Auto Industry Turmoil

To cope with weaker demand, Superior closed a manufacturing plant in Pittsburg, Kan., in December 2008 and has announced plans to close a Van Nuys, Calif., plant in June 2009.

"We are continuing to reduce costs and streamline processes to the greatest degree possible in order to remain competitive in this unprecedented environment and to be well-positioned when market conditions improve," Steven Borick, Superior's chairman, chief executive and president, said in a statement.

Shares of Superior rose 9 cents to $14.95 in afternoon trading Friday.