Autoliv Honored with GM Award.STOCKHOLM, Sweden -- Autoliv, the worldwide leader in automotive safety systems, was last week among ten companies to be honored at the North American International Auto Show in Detroit by General Motors for "Outstanding Performance". The award recognizes "a supplier's performance in quality, cost, launch and delivery, as well as contributions to production and concept vehicles". As examples of Autoliv's outstanding performance GM listed "Zero spills, Zero downtimes, Zero stock outs, Zero launch issues, and achieving material savings targets. Autoliv is an example of a company that is in total business alignment with General Motors." "Recognizing suppliers performance and contributions is important," said Bo Andersson, GM Vice President, Global Purchasing and Supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. Chain. "While it is essential to drive performance, it is critical that suppliers who meet and exceed GM's expectations be honored as role models for the automotive industry." "We are proud and delighted to be selected to this elite group of suppliers," said Arthur Blanchford, Autoliv's Vice President Global GM Business. "This recognition of our efforts and achievements over many years will motivate us to focus even harder and continue to strive for an even closer relationship with GM globally". The other honored suppliers are: Denso Corp.; FedEx Supply Chain Services; Hitachi Automotive Systems; Ideal Contracting LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Kwang Jin Sang Gong Co. Ltd.; Lear Corp.; Rieter Automotive Systems; U.S. Farathane; and Vitro S.A. de C.V. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with 40,000 employees in 30 vehicle-producing countries. In addition, the company has development and engineering centers in six countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2004 amounted to US $6.1 billion. The Company's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle ) and its Swedish Depository Receipts on the OM Stockholm Stock Ex-change (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :ALIV ALIV A Life in Vain (band) ). This information was brought to you by Waymaker http://www.waymaker.net |
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