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Panasonic Automotive Electronics Company Wins General Motors "Supplier of the Year" Award.


SOUTHFIELD, Mich.--(BUSINESS WIRE)--May 10, 1999--

Honor Recognizes Excellence in Quality, Service, Technology and Price

Panasonic Automotive Electronics Company was recently named a 1998 "Supplier of the Year" award winner by General Motors. The annual awards, which became international in scope in 1992, recognize suppliers who exceed specific performance standards.

"GM's Suppliers of the Year represent the 'best of the best,'" said Harold R. Kutner, General Motors vice president and group executive, Worldwide Purchasing and North American North American

named after North America.


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 Production Control & Logistics. "Of GM's 30,000 suppliers, Panasonic Automotive Electronics Company is one of only 184 that have achieved Supplier of the Year distinction for 1998, an honor accorded to those suppliers who have achieved world-class levels of quality, service, technology and price in support of General Motors."

"Everyone knows GM places heavy expectations on its suppliers," said Vincent Sarrecchia, president of Panasonic Automotive Electronics Company. "To be recognized for the second year in a row as a leader in quality is an extraordinary achievement of which we are very proud."

Panasonic Automotive Electronics Company (PAEC PAEC Pakistan Atomic Energy Commission
PAEC Panhandle Area Educational Consortium (Florida, USA)
PAEC Porcine Aortic Endothelial Cells
PAEC Philippine Atomic Energy Commission
PAEC Parental Advisory Explicit Content
), a Matsushita Electric Corporation of America division company, was established in 1998 to supply entertainment systems and components to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . With five sales offices located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including headquarters in Southfield, MI, PAEC has strategically placed itself in close proximity to its customers in order to provide a superior level of service and attention.

Matsushita Electric Industrial Co., Ltd. (NYSE NYSE

See: New York Stock Exchange
: MC) is one of the world's leading producers of electronic and electric products for consumer, business and industrial use. With annual sales of $59.78 billion for the fiscal year ended March 1998, more than 275,000 employees worldwide, and overseas operations in 46 countries, Matsushita markets its products under the Panasonic, Technics tech·nic  
n.
1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process.

2. technics (used with a pl. verb) Technical details, rules, or methods.

3.
, Quasar and National brands in over 170 countries. In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , New Jersey-based Matsushita Electric Corporation of America and its affiliates operate 24 manufacturing sites and employ 23,000 people. For more information on Matsushita/Panasonic, visit www.panasonic.com.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 10, 1999
Words:332
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