Larry Winget, Chairman and CEO, Accepts Award in Munich, Germany

Venture Industries (Fraser, MI) Chairman and CEO, Larry Winget, accepted the 1999 Supplier of the Year award from General Motors Corporation during ceremonies held recently at the historic PrinzRegenten Theater in Munich, Germany.

The prestigious award, celebrating its eighth consecutive year, is given annually to GM's best global suppliers in recognition of their superior performance during the previous calendar year.

"Venture is one of our best and brightest suppliers," said Harold R. Kutner, group vice president, Worldwide Purchasing and North American Production Control & Logistics, who hosted the event. "It is an honor to have them working with us. Their contributions to General Motors' overall success are immeasurable. We look upon the Supplier of the Year award as an important recognition of their value as an automotive industry supplier."

"On behalf of all of our employees world-wide," said Winget about his company's award, "I'm extremely pleased to accept this honor from GM. By focusing on our customers and being responsive to their needs, Venture has positioned itself as an innovative leader in today's highly charged, fast-paced automotive business. We're thrilled to be recognized for our efforts and for the success we've had in integrating our resources to deliver comprehensive solutions to a global marketplace."

The GM Supplier of the Year award began as a global program in 1992. Award-winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in Quality, Service, Technology and Price. This year, General Motors honored 181 suppliers from 22 countries for their excellence throughout 1999.

Venture is a $2.3 billion enterprise providing advanced engineering, materials, manufacturing and logistics technologies to meet the needs of a global customer base. Venture's strategic facilities and alliances on five continents form the world's largest integrated automotive supply enterprise. Global in scope yet focused and efficient, Venture is a unique blend of people, experience, creativity and dedication to customers.