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Commercial Vehicle Group Wins New China Business

Stocks in this article: CVGI









NEW ALBANY, Ohio, Aug. 27, 2012 /PRNewswire/ -- Commercial Vehicle Group, Inc. (Nasdaq: CVGI), a leading supplier of fully integrated system solutions for the global commercial vehicle market, announced today that it has been selected by Jianghuai Automobile Co., Ltd. (JAC), a leading Chinese automobile and truck manufacturer, as the supplier for seating and bunk systems on JAC's new truck platform.  Under this program, CVG will provide a customized driver seat based on its 700 Series air suspension driver seats for use in JAC's vehicles.  CVG is also working to develop passenger and center seats, as well as a sleeper bunk, to further support JAC's new truck program.

CVG expects to begin production of the products for JAC in the second quarter of 2013 at its facility in Shanghai, China.  The program is expected to ramp up production over a three-year period and the Company estimates revenues from this program could reach $12 - $15 million per year at full production by 2016-17.

About Commercial Vehicle Group, Inc.

Commercial Vehicle Group, Inc. is a leading supplier of a full range of cab related products and systems for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction, military, bus  and agriculture markets and the specialty transportation markets. Our products include static and suspension seat systems, electronic wire harness assemblies, controls and switches, cab structures and components, interior trim systems (including instrument panels, door panels, headliners, cabinetry and floor systems), mirrors and wiper systems specifically designed for applications in commercial vehicles.  The Company is headquartered in New Albany, OH and has operations throughout North America, Europe, Asia and Australia.  Information about the Company and its products is available on the internet at www.cvgrp.com.

About Jianghuai Automobile Co., Ltd.

China-Anhui Jianghuai Automobile Co., Ltd. (JAC) was founded in 1964 and listed on the Shanghai Stock Exchange in 2001.  JAC is a comprehensive automaker with a full-line of independent brand vehicles in China, including: light, medium and heavy-duty trucks; MPV; SRV; sedans,  buses and bus chassis; engineering machinery; engines; gearboxes and other key automotive components.  After more than 40 years of development, JAC has an annual production capacity of more than 700,000 complete vehicles and 500,000 engines.  JAC is ranked as one of China's top 10 automotive producers.



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