Press Release
Superior Industries Announces $15 Million Contract with GM
12/23/96
Superior Industries International Inc. announces orders from GM for more than $15 million annually VAN NUYS, Calif.--(BUSINESS WIRE) -- Superior Industries International Inc. Thursday announced that it was awarded multi-year contracts by General Motors to supply cast aluminum wheels for the new Chevrolet Venture and Oldsmobile Silhouette minivans beginning with the 1997 model year. Superior has been supplying wheels for the Chevrolet minivans over the past five years. These replacement orders for the new model year call for a 30 percent increase in tooling capacity, which was completed earlier this year. Production is currently underway at Superior's plants in Fayetteville, Ark., and Johnson City, Tenn. "We look forward to continue building on our business with General Motors and are proud to be one of its leading suppliers," said Louis L. Borick, chairman and president of Superior. Superior Industries International is the world's largest manufacturer of aluminum wheels, supplying to Ford, General Motors, Chrysler de Mexico, BMW and Jaguar as well as various Japanese manufacturers including Toyota, Mazda, Nissan, Subaru and Isuzu. The company is also a leading manufacturer of accessory products for the national automotive aftermarket.