Cooper Standard Recognized as 2024 Supplier of the Year by General Motors
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Cooper Standard (NYSE: CPS) has been awarded the prestigious 2024 Supplier of the Year Award by General Motors at their 33rd annual event in Phoenix, Arizona. This marks the eighth consecutive recognition for Cooper Standard, highlighting their consistent excellence in serving GM's needs.
The award, which recognizes global suppliers for their performance in key categories including safety, innovation, and resilience, was presented to Cooper Standard among 92 suppliers from 12 countries. Selection criteria included not only organizational performance throughout 2024 but also alignment with GM's core values and strategic objectives.
Jeff Edwards, chairman and CEO of Cooper Standard, emphasized the company's dedication to providing world-class service and exceptional quality through advanced engineering, manufacturing, and business practices. GM's global chief procurement officer, Jeff Morrison, highlighted the importance of supplier partnerships in bringing advanced technology and GM's broad vehicle portfolio to market.
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On the day this news was published, CPS declined 7.31%, reflecting a notable negative market reaction.
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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.
About Cooper Standard
Cooper Standard, headquartered in
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.
Contact: Chris Andrews
Cooper Standard
(248) 596-6217
candrews@cooperstandard.com
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SOURCE Cooper Standard
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