PENDLETON, Ind., July 28, 2015 /PRNewswire/ -- Remy International, Inc. (NASDAQ: REMY), manufacturer of Remy® light duty starters and alternators, and Delco Remy® heavy duty starters and alternators, has introduced 76 new part numbers so far in 2015, adding coverage for over seven million vehicles in operation, with a concentration on imports.
"We are dedicated to providing our aftermarket partners the coverage they'll need to serve their customers," said Dave Nichols, SVP Aftermarket Sales. "We have leveraged our experience as a global tier one original equipment supplier to bring better import coverage to our aftermarket customers."
New part numbers include starters and alternators for late-model vehicles from BMW, Audi, Hyundai, Kia, Infinity, Volkswagen, Mitsubishi, Opel, Mazda, Subaru, and Honda. Remy has also added to their industry-leading domestic portfolio this year, with new part numbers and increased coverage for GM, Ford, and Chrysler vehicles.
Remy provides aftermarket retail stores, warehouse distributors, and independent installers with premium-quality starters and alternators, and selected multiline products, including steering components and CV axles. The company is also an original equipment supplier of starters, alternators, electric motors, and vehicle electrification technologies to global vehicle manufacturers.
"We believe in making parts available to our aftermarket customers before they need them," continued Nichols. "We predict through our market analytics that they'll need these parts soon, and we intend to make sure they have them when they need them. We leverage our original equipment experience to provide OE-grade products, and we are proud to be first to market with them. We've found that this approach helps our customers' sales. To us, this is proof of our commitment to being true partners with our aftermarket customers around the world."
About Remy International, Inc.
Founded by the Remy brothers in 1896, Remy International, Inc. (NASDAQ: REMY) is a leading global manufacturer, remanufacturer, and distributor of alternators, starter motors, and electric traction motors for the automotive and commercial vehicle industry, marketed under the Remy® and Delco Remy® brands. The company also provides multiline products through its subsidiaries. Headquartered in Pendleton, Indiana, with operations across five continents and ten countries, Remy is a trusted partner to original equipment manufacturers and aftermarket organizations worldwide, delivering creative solutions for today's vehicle challenges. For more information visit remyinc.com
Cautionary Statements Regarding Forward-Looking Information
Some of the statements contained in this press release with respect to Remy International, Inc. (the "Company") are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995.
These statements include declarations regarding intents, beliefs, estimates and current expectations of the Company. In some cases, forward-looking statements can be identified by terminology such as "may," "might," "will," "should," "could," "expects," "intends," "assumes," "seeks to," "plans," "anticipates," "believes," "projects," "estimates," "predicts," "potential," "future," "goal," "objective," or "continue," or the negative of such terms or other variations thereof or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Forward-looking statements are not guarantees or assurances of future performance, and actual results could differ materially from those indicated by the forward-looking statements. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Such estimates, assumptions, risks, uncertainties and other factors include, but are not limited to, those related to (i) the likelihood that the transaction is consummated on a timely basis or at all, including whether government approvals sought in connection with the transaction will be obtained (or obtained within the time periods anticipated) and whether the other conditions required to complete the transaction will be met (or met within the time periods anticipated), (ii) whether the expected benefits of the transaction will be realized, (iii) the risk that, and uncertainty as to whether, costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, suppliers and other counterparties) related to the transaction may be greater than expected, and (iv) future financial results and liquidity, (v) development of new products and services, (vi) the effect of competitive products or pricing, (vii) the effect of commodity and raw material prices, (viii) the impact of supply chain cost management initiatives, (ix) restructuring risks, (x) customs duty claims, (xi) litigation uncertainties and warranty claims, (xii) conditions in the automotive industry, (xiii) foreign currency fluctuations, (xiv) costs related to re-sourcing and outsourcing products and (xv) the effect of economic conditions.
These forward-looking statements are also qualified by, and should be read together with the "Special note regarding forward-looking statements", the "Risk Factors" and the other statements in the Company's Annual Report on Form 10-K for the year-ended December 31, 2014 and subsequent Quarterly Reports on Form 10-Q, in each case as filed with the Securities and Exchange Commission (SEC) and available at www.sec.gov, and investors should refer to such risk factors and other statements in evaluating the forward-looking statements contained in this press release.
Any forward-looking statements speak only as to the date this press release, and the Company does not undertake any obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statements are made or to reflect the occurrence of unanticipated events except as otherwise required by law. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. Furthermore, it may not be possible for the Company to assess the impact of any such factor on its business (viewed independently or together) or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. The foregoing factors should not be construed as exhaustive.
Contact: Martha Avery, Remy International, Inc., 765.274.7805, Avery.Martha@remyinc.com
SOURCE Remy International, Inc.