Panasonic Automotive Electronics Company Wins GM Award
10 May 1999
Panasonic Automotive Electronics Company Wins General Motors "Supplier of the Year" Award
SOUTHFIELD, Mich.--May 10, 1999--Honor Recognizes Excellence in Quality, Service, Technology and Price
Panasonic Automotive Electronics Company was recently named a 1998 "Supplier of the Year" award winner by General Motors. The annual awards, which became international in scope in 1992, recognize suppliers who exceed specific performance standards.
"GM's Suppliers of the Year represent the 'best of the best,'" said Harold R. Kutner, General Motors vice president and group executive, Worldwide Purchasing and North American Production Control & Logistics. "Of GM's 30,000 suppliers, Panasonic Automotive Electronics Company is one of only 184 that have achieved Supplier of the Year distinction for 1998, an honor accorded to those suppliers who have achieved world-class levels of quality, service, technology and price in support of General Motors."
"Everyone knows GM places heavy expectations on its suppliers," said Vincent Sarrecchia, president of Panasonic Automotive Electronics Company. "To be recognized for the second year in a row as a leader in quality is an extraordinary achievement of which we are very proud."
Panasonic Automotive Electronics Company (PAEC), a Matsushita Electric Corporation of America division company, was established in 1998 to supply entertainment systems and components to the automotive industry. With five sales offices located throughout the United States, including headquarters in Southfield, MI, PAEC has strategically placed itself in close proximity to its customers in order to provide a superior level of service and attention.
Matsushita Electric Industrial Co., Ltd. is one of the world's leading producers of electronic and electric products for consumer, business and industrial use. With annual sales of $59.78 billion for the fiscal year ended March 1998, more than 275,000 employees worldwide, and overseas operations in 46 countries, Matsushita markets its products under the Panasonic, Technics, Quasar and National brands in over 170 countries. In North America, New Jersey-based Matsushita Electric Corporation of America and its affiliates operate 24 manufacturing sites and employ 23,000 people. For more information on Matsushita/Panasonic, visit www.panasonic.com.