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The German magazine Automobil Industrie publishes a yearly list of the largest automotive suppliers in the world by revenue. [1] For companies that are not pure automotive suppliers, only the automotive supplier divisions are taken into account.
Developed by AIAG, this self-survey is designed to validate that the supplier has robust material planning and delivery processes in place to support overall business objectives. It is a required component of many automotive supplier programs, including Ford, GM, Chrysler, JLR, PSA, Volvo car and Volvo Truck. [18] [19]
A key requirement of IATF 16949:2016 is the fulfillment of customer-specific requirements, set up by the automotive manufacturer in addition to the quality management system of their suppliers. This may have decisively contributed to the worldwide recognition of the IATF standard by many manufacturers.
In 2023, DENSO was the second largest auto parts supplier in the world. [7] In 2022, DENSO was listed at #278 on the Fortune Global 500 list with a total revenue of $49.0 billion and 167,950 employees. [8]
The Automotive Aftermarket Suppliers Association (AASA) is the light vehicle aftermarket division of MEMA. AASA exclusively serves manufacturers of aftermarket components, tools and equipment, and related products, an important part of the automotive parts manufacturing industry which supports 871,000 American jobs.
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Magna purchased CTS Fahrzeug-Dachsysteme, a supplier of convertible roofs, from Porsche in November 2005. In July 2015, Magna bought the German company Getrag, which was one of the largest suppliers of automotive transmissions worldwide for $1.9 billion. The acquisition worked to increase growth potential in the Chinese market.
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