The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Superior Industries Wins OEM Aluminum Road Wheel Supply Contract

12 April 1999

Superior Industries International Wins OEM Aluminum Road Wheel Supply Contract Valued in Excess of $50 Million Annually

    VAN NUYS, Calif.--April 12, 1999--Superior Industries International Inc. Monday announced that it won an exclusive, multi-year contract valued in excess of $50 million annually to supply aluminum road wheels for a major global automotive manufacturer.
    The aluminum wheels will be installed on a new vehicle to be introduced this fall with shipments scheduled to begin in the last quarter of 1999.
    "Automotive manufacturers worldwide have responded to the unrelenting pressure for better fuel economy and improved performance by increasing the aluminum content of their vehicles. Aluminum is the material of the future in the automotive industry. As one of the world's leading manufacturers of OEM aluminum road wheels and an emerging manufacturer of non-wheel aluminum automotive components, we expect Superior to continue to be a major beneficiary," the spokesman said.
    "This large new contract is another sign of the success of our strategy to expand Superior's position in the global OEM aluminum road wheel industry," the spokesman added.
    Superior supplies aluminum wheels and other aluminum components to Ford, General Motors, Chrysler de Mexico, BMW, Volkswagen and Audi, as well as various Japanese auto manufacturers including Toyota, Mazda, Nissan and Isuzu. The company is also a leading manufacturer of accessory products for the national automotive aftermarket.

    The statements contained in this release that are not historical facts may be deemed to constitute forward-looking statements. Actual results might differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the company's products, and other risks or uncertainties detailed in the company's filing with the Securities and Exchange Commission.