Superior Industries Named a Strategic Supplier to Ford Motor Company
VAN NUYS, Calif.--April 27, 2006--Superior Industries International, Inc. announced today that it has been named a Strategic Supplier to Ford Motor Company."We are fully committed to the success of Ford's Aligned Business Framework," said Steven Borick, President and Chief Executive Officer of Superior. "We know that Ford's Strategic Supplier program is not business as usual. Ford recognizes that stronger supplier relationships are key to creating sustainability for both companies in the future. Superior is proud and gratified to be part of this innovative program."
Tony (Thomas K.) Brown, senior vice president, Global Purchasing, Ford Motor Company, explained, "Ford has laid the foundation for its Strategic Supplier program over the past several years. We've worked with our key suppliers on several programs to take out waste, increase economies of scale, improve quality and customer satisfaction, and create a framework for stronger relationships. We know we can count on Superior to help us raise our relationship to an entirely new level."
About Superior Industries
Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Jaguar, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota, and Volkswagen. For additional information, visit www.supind.com.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.