1. CPS awarded GM’s Supplier of the Year for the eighth consecutive time. 2. Recognition highlights CPS's commitment to quality and innovation in mobility. 3. GM's awards involve evaluation based on performance and core value alignment. 4. CPS leverages materials science for innovative solutions across industries. 5. Recognition may enhance CPS's reputation and competitiveness in the market.
CPS's recognition may enhance investor confidence, boosting stock performance. Historical examples show awards often correlate with increased stock prices.
The award reinforces CPS's market position and operational excellence, likely influencing future contracts and sales.
Immediate investor sentiment may improve due to recent recognition, influencing stock prices quickly. Previous occasions where firms received awards showed quick upticks in stock price.
General Motors presented Cooper Standard (NYSE: CPS) with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona.
This is the eighth consecutive time Cooper Standard has received the award.
"We are honored to receive recognition from General Motors once again as it reflects our unwavering commitment to providing world-class service and exceptional quality that supports the evolving needs of the mobility industry," said Jeff Edwards, chairman and CEO. "Our passionate and driven team continues to push the boundaries of innovation and excellence through advanced engineering, manufacturing and business practices. This latest Supplier of the Year award recognizes their exceptional accomplishments and continuing commitment to delivering industry-leading value to our customers."
GM's Supplier of the Year awards recognizes global suppliers for their execution across key categories like safety, innovation and resilience. A global cross-functional team makes award selections based not only on an organization's performance across 2024, but also their alignment to GM's core values and ambitious goals.
"For more than 30 years, General Motors has recognized the company's top global suppliers at our annual event, spotlighting their innovation and resiliency through even the most challenging circumstances," said Jeff Morrison, global chief procurement officer at GM. "Together, we're helping bring advanced technology and the industry's broadest portfolio of vehicles to market for GM customers."
This year, 92 suppliers across 12 countries made GM's 2024 Supplier of the Year list. For more information, visit news.gm.com.
Cooper Standard, headquartered in Northville, Mich., with locations in 20 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 22,000 team members (including contingent workers) are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on LinkedIn, X, Facebook, Instagram or YouTube.
General Motors is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
Chris Andrews
Cooper Standard
(248) 596-6217
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SOURCE Cooper Standard