This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Schaeffler Receives 2013 Quality Award From General Motors

TROY, Mich., Oct. 15, 2013 /PRNewswire/ -- Schaeffler was recently awarded General Motors (GM) Supplier Quality Excellence Award for demonstrating some of the highest levels of quality performance. The award went to two of the company's plants in South Carolina.

"We are honored that General Motors has recognized our efforts in developing quality products and technologies to support our customers," said Barry Vukoder, director, quality, Schaeffler. "This further demonstrates our dedication to customer satisfaction, which is fundamental to how we operate."

GM's Supplier Quality Excellence Award is focused on improving collaboration with suppliers. Winning suppliers met more than 12 quality criteria during a 12 month period that ended on June 30. This is the second year GM is honoring suppliers who are making noteworthy contributions to GM's goal of providing the best overall customer experience in the automotive industry.

"Schaeffler helped play a critical role in GM's success in 2013 through their dedication and commitment to consistently exceeding our expectations by being innovative, delivering high quality products and services on time and by creating outstanding value," said Grace Lieblein, vice president, Global Purchasing and Supply Chain, GM.

The plants receiving the award are Plant 3 in Fort Mill, S.C., which supplies thrust bearings and Plant 2 in Cheraw, S.C., that produces hydraulic lash adjusters for the automaker.

About Schaeffler Schaeffler, with its product brands INA, LuK and FAG, is a leading provider of rolling bearing and plain bearing solutions and of linear and direct drive technology, as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions, and chassis applications. The globally active group of companies generated sales of approximately 11.1 billion euros in 2012. With approximately 76,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies under family ownership. With 180 locations in over 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices, and training centers.

To serve the North American automotive market, Schaeffler operates development centers in: Troy, Mich.; Fort Mill, S.C.; Wooster, Ohio; and Puebla, Mexico. The company's 400 North American engineers and technicians, who are supported by a team of more than 5,500 global engineers, drive development in the region utilizing state-of-the-art test and measurement equipment, computational tools and CAD systems. Schaeffler Automotive has headquarters in Fort Mill and manufacturing facilities in: South Carolina; Missouri; Ohio; Ontario, Canada; Puebla and Irapuato, Mexico. For more information, please visit www.schaeffler.us.

About GM General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets.  GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs