STOCKHOLM, June 30, 2020 /PRNewswire/ -- The automotive
technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE
SDB), was named a GM Supplier of the Year by General Motors
during a virtual ceremony honoring the recipients of the company's
28th annual Supplier of the Year awards on
Wednesday, June 24,
2020.
During the event, GM recognized 116 of its best suppliers from
15 countries that have consistently exceeded GM's expectations,
created outstanding value or introduced innovations to the company.
The awards ceremony was originally scheduled as a live-event to be
held in March but was postponed due to the impact of the COVID-19
pandemic. The recognition is for supplier performance in the 2019
calendar year.
This is the 2nd time Veoneer has received the
award. Veoneer, is a spin off from Autoliv, a pioneer in
automotive safety for 67 years.
"Our suppliers play a key role in delivering the products,
services and experiences our customers deserve - and these
award-winning suppliers went above and beyond our expectations,"
said Shilpan Amin, GM vice
president, Global Purchasing and Supply Chain.
"We also believe it's important at this point in time to thank
our entire supply base for their efforts the last few months to
mitigate the impacts of COVID-19," added Amin. "Not only have we
been able to safely restart our manufacturing operations, our
suppliers played a key role in assisting our initiatives to
increase the supply of ventilators and personal protection
equipment (PPE) for frontline health care workers to help save
lives and keep communities safe."
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.
"We are extremely honored to receive the 2019 General Motors
Supplier of the Year Award for Electronic Modules," said
Jan Carlson, Veoneer Chairman,
President and CEO. "We are proud to be recognized by our longtime
partner for our commitment to performance, quality and innovation
and to support their mission to deliver new levels of safety and
convenience to car drivers and occupants across the globe."
Veoneer, Inc. is a worldwide leader in
automotive technology. Our purpose is to create trust in mobility.
We design, manufacture and sell state-of-the-art
software, hardware and systems for occupant protection, advanced
driving assistance systems, and collaborative and automated driving
to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,600 employees
in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a
heritage of close to 70 years of automotive safety development. In
2018, Veoneer became an independent, publicly traded company listed
on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq
Stockholm (SSE: VNE SDB).
General Motors (NYSE: GM) is a global company
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 Chevrolet, Buick,
GMC, Cadillac, Holden, Baojun and Wuling brands. More information
on the company and its subsidiaries, including OnStar, a global
leader in vehicle safety and security services, can be found at
http://www.gm.com.
For more information please contact:
Thomas Jönsson, EVP Communications & IR, tel +46
(0)8 527 762 27
Ray Pekar, VP Investor Relations,
tel +1 (248) 794-4537
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