LAKE FOREST, Ill., May 30, 2019 /PRNewswire/ -- Tenneco Inc.
(NYSE: TEN) was named a GM Supplier of the Year by General Motors
during its 27th annual Supplier of the Year awards
ceremony held Wednesday, May 15, in
Detroit. Tenneco's Clean Air team was recognized for exhaust
system technologies and the Clevite® Elastomer NVH performance
materials team was honored for their HydroMount™ cab suspension
components.
This is the second-consecutive year that both Tenneco's Clean
Air and NVH performance materials teams were honored – and the
third time in the last four years for the NVH performance materials
team.
During the event, GM recognized 133 of its best suppliers from
15 countries that have consistently exceeded GM's expectations,
created outstanding value or introduced innovations to the company.
"We are honored to be named a recipient of this prestigious
honor from General Motors," said Roger
Wood, Co-CEO, Tenneco. "We're committed to supporting GM
with innovative solutions that improve fuel efficiency and reduce
emissions." Brian Kesseler,
co-CEO of Tenneco added, "Innovation, quality and performance are
the cornerstones of our business and something that our global team
strives to achieve each day, creating solutions that deliver
enjoyable driving experiences for our customers."
Tenneco is a global supplier to GM, supplying Clean Air, Ride
Performance and Powertrain technologies on vehicle platforms around
the world.
"We hold our suppliers to a high bar," said Steve Kiefer, GM senior vice president, Global
Purchasing and Supply Chain. "They went above and beyond to deliver
the innovations and quality that will help us earn customers for
life."
The Supplier of the Year award winners were chosen by a global
team of GM purchasing, engineering, quality, manufacturing and
logistics executives. Winners were selected based on performance
criteria in Product Purchasing, Global Purchasing and Manufacturing
Services, Customer Care and Aftersales, and Logistics.
About Tenneco
Headquartered in Lake Forest,
Illinois, Tenneco is one of the world's leading designers,
manufacturers and marketers of Aftermarket, Ride Performance, Clean
Air and Powertrain products and technology solutions for
diversified markets, including light vehicle, commercial truck,
off-highway, industrial and the aftermarket, with 2018 revenues of
$11.8 billion and approximately
81,000 employees worldwide. On October 1,
2018, Tenneco completed the acquisition of Federal-Mogul, a
leading global supplier to original equipment manufacturers and the
aftermarket. Additionally, the company expects to separate
its businesses to form two new, independent companies, an
Aftermarket and Ride Performance company as well as a new
Powertrain Technology company.
Safe Harbor
This release contains forward-looking statements. These
forward-looking statements include, among others, statements
relating to our plans to separate into two independent public
companies. Forward-looking statements are subject to a number
of risks and uncertainties that could cause actual results to
materially differ from those described in the forward-looking
statements, including the possibility that Tenneco may not complete
the spin-off of the Aftermarket & Ride Performance business
from the Powertrain Technology business (or achieve some or all of
the anticipated benefits of such a spin-off); the possibility that
the acquisition of Federal-Mogul or the separation may have an
adverse impact on existing arrangements with Tenneco, including
those related to transition, manufacturing and supply services and
tax matters; the ability to retain and hire key personnel and
maintain relationships with customers, suppliers or other business
partners; the risk that the benefits of the acquisition of
Federal-Mogul or the separation, including synergies, may not be
fully realized or may take longer to realize than expected; the
risk that the acquisition of Federal-Mogul or the separation may
not advance Tenneco's business strategy; the risk that Tenneco may
experience difficulty integrating all employees or operations; the
potential diversion of Tenneco management's attention resulting
from the separation; as well as the risk factors and cautionary
statements included in Tenneco's periodic and current reports
(Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Unless otherwise indicated, the forward-looking
statements in this release are made as of the date of this
communication, and, except as required by law, Tenneco does not
undertake any obligation, and disclaims any obligation, to publicly
disclose revisions or updates to any forward-looking statements.
Additional information regarding these risk factors and
uncertainties is detailed from time to time in the company's SEC
filings, including but not limited to its annual report on Form
10-K for the year ended December 31,
2018.
General Motors (NYSE: GM) is committed to delivering
safer, better and more sustainable ways for people to get around.
General Motors, its subsidiaries and its joint venture entities
sell vehicles under the Cadillac, Chevrolet,
Baojun, Buick, GMC, Holden, Jiefang and Wuling brands.
More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, Maven, its personal mobility brand, and
Cruise, its autonomous vehicle ride-sharing company, can be found
at http://www.gm.com.
CONTACTS:
Steve
Blow
517-262-0655
sblow@tenneco.com
Bill Dawson
847-482-5807
bdawson@tenneco.com
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SOURCE Tenneco Inc.