13-04-2006

 

 

 

Superior Industries Announces New Wheel Supply Program with Subaru
source: finanzen.net



Superior Industries International, Inc. (NYSE:SUP)announced today that it has been awarded a contract to supply 17-inchaluminum wheels for the 2007 Subaru. This is a new program forSuperior.

"This program represents a significant increase in our volume withSubaru, and is our first contract win for this popular Subaru model.We are pleased to expand our relationship with Subaru," said Presidentand Chief Executive Officer Steven Borick.

Borick added, "This is the latest success in our effort to growour business with OEMs in Asia, which is a primary strategic objectivefor Superior. As we have anticipated for some time, intensecompetitive pressure in the global automotive industry is nowbeginning to create new opportunities for suppliers who successfullyadapt to today's environment. This contract win shows that ourstrategy to use our financial and management resources to reducecosts, increase automation, and rationalize our global manufacturingcapacity is positioning Superior to take advantage of theseopportunities."

About Superior Industries

Superior supplies aluminum wheels and other aluminum automotivecomponents to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu,Jaguar, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru,Toyota, and Volkswagen. For additional information, visitwww.supind.com.

Forward-Looking Statements

This press release contains statements that are forward-lookingstatements within the meaning of the Private Securities LitigationReform Act of 1995. These statements are based on currentexpectations, estimates and projections about the company's businessbased, in part, on assumptions made by management. These statementsare not guarantees of future performance and involve risks,uncertainties and assumptions that are difficult to predict.Therefore, actual outcomes and results may differ materially from whatis expressed or forecasted in such forward-looking statements due tonumerous factors and risks discussed from time to time in thecompany's Securities and Exchange Commission filings and reports. Inaddition, such statements could be affected by general industry andmarket conditions and growth rates, and general domestic andinternational economic conditions. Such forward-looking statementsspeak only as of the date on which they are made and the company doesnot undertake any obligation to update any forward-looking statementto reflect events or circumstances after the date of this release.


 
 
 
 
 
 
 
 
 
 
 

 

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