Hayes Lemmerz Receives 'Quest for Excellence' Award And Named to Automotive Industries' Fab Fifty List
NORTHVILLE, Mich., June 25 -- Hayes Lemmerz International, Inc. (BULLETIN BOARD: HAYZ) , announced that it has received the coveted Quest for Excellence award and has been ranked as a top 50 supplier by OEM Executives in Automotive Industries' 2003 survey.
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The results from the survey can be found in the June Issue of Automotive Industries. Readers were asked to rate nearly 300 suppliers from poor to excellent on the critical issues of quality, price, delivery, service, support and innovation. With more than 1,000 responses from automaker executives, Hayes Lemmerz scored high marks, placing it among the top 50 automotive suppliers. The survey was conducted only among OEM readers to prevent suppliers from voting for themselves.
According to Rob Wilson, publisher of Automotive Industries, "It is the fierce competition in auto building that drives the need for continual improvement in quality and price and that aspect only becomes more acute with time. By working smarter and applying lean efficient systems to every direct and indirect business activity involved, higher levels of quality must be achieved while lowering costs. Though it taxes normal logic, the best suppliers know how to drive these factors in opposite directions."
"We are pleased and honored that our customers have recognized our commitment," said Curtis Clawson, Chairman and CEO of Hayes Lemmerz. "All of us at Hayes Lemmerz will continue to work hard to accomplish our first goal, to satisfy all of our customers."
Hayes Lemmerz International, Inc. is the world's leading global supplier of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has 43 plants, 3 joint venture facilities and 11,000 employees worldwide.
This press release includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations and beliefs concerning future events that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. All statements other than statements of historical facts included in this release are forward looking statements. Factors that could cause actual results to differ materially from those expressed or implied in such forward looking statements include the factors set forth in our periodic reports filed with the SEC. Consequently, all of the forward looking statements made in this press release are qualified by these and other factors, risks, and uncertainties.
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