AUBURN HILLS, Mich., March 26, 2012 /PRNewswire/ -- Continental Automotive's Chassis and Safety division was recognized as an excellence award winner at Toyota Motor Engineering & Manufacturing North America, Inc.'s (TEMA) Annual Supplier Business Meeting (ABM) on March 13th. Held at the Northern Kentucky Convention Center in Covington, ABM brings together approximately 900 attendees from across North America.
"We are very proud to be recognized by Toyota for both technology development and quality performance," said Samir Salman, CEO of Continental's NAFTA region. "We strive every day to exceed our customers' expectations. To be recognized for excellence is certainly gratifying and appreciated."
ABM allows TEMA to discuss business objectives with direct and indirect suppliers in preparation for its upcoming fiscal year. Every year, TEMA recognizes suppliers who exceeded the company's expectations in several categories.
"Toyota works closely with each supplier partner in order to build our top quality vehicles," stated Robert Young, TEMA's purchasing vice president. "This event emphasizes our suppliers' commitment to flexibility and continuous improvement. This allows Toyota to focus on building safe and reliable products."
In the U.S. alone, there are about 50,000 supplier jobs dedicated to Toyota across more than 30 states. In addition, Toyota collectively spent nearly $25 billion on parts, goods and services last year in North America.
With sales of EUR 30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 164,000 employees in 46 countries.