Preh Honored by General Motors as a 2005 Supplier of the Year

NOVI, Mich., May 1, 2006 -- Preh was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. The award was given during ceremonies Saturday, April 29, at GM's Vehicle Engineering Center at the General Motors Technical Center in Warren, Mich.

"We consider Preh to be a role model for all suppliers. They are recognized as a GM Supplier of the Year because they exceeded our expectations in 2005," said Bo Andersson, vice president of Global Purchasing and Supply Chain. "Preh is one of the best in the world and we thank them for their hard work and commitment to helping make GM vehicles the best in the world."

"It is not only the outstanding Preh team work that is honored today, but our whole strategic approach of a comprehensive vertical integration. Having all core competencies for the design and manufacturing of complete driver control systems available in our company makes Preh especially fast and flexible and is a cornerstone for product innovation," said Preh president and CEO Dr. Michael Roesnick.

The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 85 suppliers for their outstanding performance throughout 2005.

About Preh

Preh was founded in Germany in 1919. As a full-service supplier, Preh works directly with major automakers in the development and manufacture of complete interior control systems and sensors.

The company maintains in-house capabilities for plastics injection molding, precision mechanics, light-pipe design, electronics hardware, surface finishing, laser etching and software development.

With sales of $305.5 million (USD) in 2005, Preh employs over 1,900 people located in Germany, Portugal, France, Mexico and the U.S. Three-quarters of Preh's annual revenue comes from its automotive business. Preh's U.S. customer service center is located in Novi, Mich.