- AZ Goes Global, Sodecia Becomes Majority Owner, PineBridge Reinvests Its Ownership
Today, we are pleased to announce that SODECIA S.A., a Portuguese industrial corporation, has made a significant capital investment in AZ Automotive giving Sodecia majority ownership of the company.
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- Suppliers wonder: Is worst over? – Automotive News
A year ago, when a $130.4 million loss broke supplier BorgWarner Inc.'s string of
25 straight quarterly profits, CEO Tim Manganello predicted that an "unprecedented''
economic environment would make for a tough 2009. How right he was.
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- Credit shortage threatens suppliers – Detroit Free Press
As the U.S. economy ramps up for the recovery, we find ourselves creeping up against
another roadblock.
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- AZ Automotive Business Pictures – Detroit Free Press
AZ Automotive, a tier one engineering and production supplier of metal stampings,
assemblies and modules to auto companies, reduced its debt and realigned its cost
structure.
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- Survive and Advance – The Macomb Daily
The plunge in automotive production has taken its share of related businesses with
it, but one Macomb County-based supplier has managed to survive and preserve local
jobs.
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- AZ rebalances for new reality: Supplier says it's poised for growth
– Crain’s Detroit Business
AZ Automotive Corp. recently got a new lease on life, one that its CEO says has
it poised to grow as the auto industry recovers.
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- AZ Automotive Poised for Growth After Realigning Finances – OESA Newsletter
In October, OESA member AZ Automotive, a Tier One full-service engineering and production
supplier of metal stampings, assemblies and modules to automotive manufacturers,
was very pleased to announce that it had significantly reduced its debt, realigned
its cost structure and is now poised for growth.
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