Hayes Receives Steel Wheel Contract for New Volkswagen Beetle
25 February 1998
Hayes Receives Steel Wheel Contract for New Volkswagen BeetleROMULUS, Mich., Feb. 25 -- Hayes Lemmerz International, Inc. , one of the world's leading manufacturers of wheels and brake components to original equipment manufacturers, announced today that it has received a contract from Volkswagen to supply fabricated steel wheels for worldwide use on the new Volkswagen Beetle. The terms of the agreement were not disclosed. The wheels are being produced at the company's manufacturing facility in Mexico City. Shipments will begin later this spring. "We are proud to be associated with the new Beetle and look forward to working with Volkswagen," said Ron Cucuz, chairman and chief executive officer of Hayes. "This contract exemplifies our continued success in increasing our market share in the global automotive industry." Hayes Lemmerz International, Inc., with annual sales of over $1.5 billion, is a world leader in the design, engineering and manufacture of steel and aluminum wheels and brake drums and rotors for the automotive and commercial highway markets in North America, Europe and Asia. Based in Romulus, Michigan, the company has twenty-two manufacturing facilities in nine countries. SOURCE Hayes Lemmerz International, Inc.