USA: Tenneco Automotive Signs Memoranda of Understanding With Futaba Industrial Co. LTD and Tokico LTD
Tenneco Automotive announced today that it has signed Memoranda of Understanding with two Japan-based auto-parts suppliers, Futaba Industrial Co. Ltd. and Tokico Ltd. Today's announcement signals the first step in establishing separate strategic alliances with each company. "We are pleased at the possibility of joining forces with two industry leaders - Futaba in emissions control and Tokico in ride-control engineering and technology," said Mark Frissora, chairman and CEO of Tenneco Automotive. "Industry consolidation among auto makers and the growing use of global platforms require suppliers to provide worldwide engineering and manufacturing support. These alliances would enhance what we bring to our customers and position us to better meet the needs of the global market," said Frissora.
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