Commercial Vehicle Group Inc (CVGI)

[hang ten]

Commercial Vehicle Group Selected as Development Partner for Nissan Diesel

Last update: 7/9/2009 3:39:00 PM

CVG Products to be Used on Multiple Nissan Vehicles ---

Primary Markets will be Japan, South America, Asia, Australia and the U.S.

NEW ALBANY, OHIO, July 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- Commercial Vehicle Group, Inc. (CVGI) announced today that it has been selected as the Development Source Partner for a new seat and suspension program with Nissan Diesel Motors, a subsidiary of Volvo AB. This joint initiative is a result of CVG's efforts to expand its global presence along with Volvo AB's global sourcing objectives. The new program includes seating and interior products and is currently scheduled for a late 2009 launch. The new seats, as well as other interior components such as bunks, are planned for use in multiple Nissan Diesel vehicles. These vehicles will be assembled in Japan for domestic use and are expected to be exported to certain global markets including South America, Asia, Australia and the United States. CVG will produce and supply the new model seats from its Shanghai, China facility. Mervin Dunn, Chief Executive Officer of Commercial Vehicle Group, Inc. stated, "We are very pleased to announce this joint development and supplier program with Nissan Diesel Motors. Nissan Diesel and their parent, Volvo AB, are excellent, highly-regarded leaders in the global heavy truck industry. Their selection of CVG as their Development Source Partner is a testament to our engineering expertise and global manufacturing capabilities." "This initiative fits directly with CVG's strategy to expand our Company's geographic footprint and manufacturing presence in the emerging markets of Europe and Asia and we look forward to a long relationship with Nissan Diesel," added Mr. Dunn.