Hayes Lemmerz Receives Brake Rotor Contract for Jeep Grand Cherokee
9 March 1998
Hayes Lemmerz Receives Brake Rotor Contract for Jeep Grand CherokeeROMULUS, Mich., March 9 -- Hayes Lemmerz International, Inc. announced today that it has received a contract from ITT Automotive to supply brake rotors for the 1999 model Chrysler Jeep Grand Cherokee. Beginning later this year, Hayes Lemmerz will supply the front and rear brake rotors from its manufacturing facility in Homer, Mich., near Jackson. The contract with Jeep is expected to result in over $20 million in annual sales. "We have always been a proud and dedicated partner of the Jeep Division of Chrysler Corporation and ITT Automotive," said Ron Cucuz, president and chief executive officer of Hayes Lemmerz. "We obviously are pleased with this new contract, which we believe is a result of Chrysler and ITT's continued confidence in Hayes. Our position in this market is being strengthened by our engineering excellence and outstanding product quality." Hayes Lemmerz International, Inc., with annual sales of over $1.5 billion, is the world's largest wheel manufacturer and 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. SOURCE Hayes Lemmerz International, Inc.