National Press Release

NOVI, Mich., June 10 /PRNewswire/ -- Preh received the General Motors 2008 Supplier of the Year award for the fourth consecutive year for its significant contributions to GM's global product and performance achievements. The 17th annual award was given during ceremonies Friday, June 5 at the GM Heritage Center in Warren, Mich.

Preh Executive Vice President--Sales and Marketing Christoph Hummel said, "Being recognized once again as one of GM's top suppliers is proof that our commitment to excellence in the development, manufacturing and supply of climate controls has been the right strategy from the beginning."

"GM is proud to honor our best suppliers with the Supplier of the Year award, an award that we believe is the most meaningful honor in the supplier industry," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "During these difficult economic times, it's more important than ever to recognize performance in our supply base. These suppliers are the best of the best and we want to honor them for their tremendous performance."

The award recognizes the significant contributions of GM's suppliers in 2008 as part of the company's global product and performance achievements. The Supplier of the Year program started in 1992, and each year a global team of purchasing, engineering, quality, manufacturing and logistics executives determines the winners. The decisions are based on supplier performance in the areas of quality, service, technology and price.

About Preh

Preh was founded in Germany in 1919. As a full-service supplier, Preh works directly with major automakers in the development and manufacture of complete interior control systems, sensors and electronic control units.

The company maintains in-house capabilities for plastics injection molding, precision mechanics, light-pipe design, electronics hardware, surface finishing, laser etching and software development.

With sales of $448.1 million in 2008, Preh employs over 2,000 people located in Germany, Portugal, France, Romania, Mexico and the U.S. More than 90 percent of Preh's annual revenue comes from its automotive business. Preh's U.S. customer service center is located in Novi, Mich.

SOURCE Preh