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.