Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
July 28, 2015
TENNECO CLEAN AIR TECHNOLOGIES FEATURED ON 2015 CHEVROLET COLORADO/GMC CANYON TRUCKS
Lake Forest, Illinois, July 28, 2015 - Tenneco (NYSE: TEN), a global supplier of clean air and ride control products and systems announced that it is supplying clean air technologies on the 2015 Chevrolet Colorado and GMC Canyon midsize truck platform. Tenneco is supplying the entire exhaust system for both the 4- and 6-cylinder truck engine platforms, which are currently in production.
Tenneco supplies the converter and muffler on both engine platforms, as well as the resonator on the 6-cylinder engine. The exhaust system features hollow rod hangers to enable a lighter weight design and a close-coupled converter configuration, which improves overall engine performance by placing the converter closer to the engine. Additionally, Tenneco engineers were able to commonize the muffler designs between the 4- and 6-cylinder engines for reduced part complexity.
“Tenneco’s clean air technologies specifically address the weight and fuel economy demands of this exciting truck platform,” said Greg Sibley, vice president and general manager, Tenneco North America Clean Air. “We are pleased to partner with Chevrolet and GMC to develop a truck that offers best-in-class V6 highway efficiency and horsepower for its customers.”
Product engineering and testing for the Colorado/Canyon exhaust system was conducted at Tenneco’s global clean air engineering center in Grass Lake, Mich. Tenneco produces the converters at its manufacturing facility in Port Elizabeth, South Africa, with final assembly at the company’s Smithville, Tennessee facility.
Tenneco is an $8.4 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 29,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx™ and Clevite®Elastomer.
This press release contains forward-looking statements. Words such as “anticipate,” “expects,” "will", "continue" and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automotive or commercial vehicle manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (ii) any change in customer demand due to delays in the adoption or enforcement of worldwide emissions regulations or any other changes in consumer demand and prices, including decreases in demand for automobiles or commercial vehicles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (iii) the general political, economic and competitive conditions in markets where the company and its subsidiaries operate; (iv) workforce factors such as strikes or labor interruptions; (v) material substitutions and increases in the costs of raw materials; and (vi) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. Additional information regarding risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2014