Category: Press Releases

AUBURN HILLS, Michigan (January 22, 2018) — TI Automotive, a leading global supplier of automotive fluid systems technology, announced today that it will provide blow‑molded plastic fuel tanks for Karma Automotive’s luxury electric vehicle program. TI Automotive’s industry leading technology allows the low weight plastic tanks to handle the high vapor pressures that are created in extended range electric vehicles (EREVs) like those being produced by Karma in Southern California.

Starting next fall, the tank will be part of a new Karma luxury electric vehicle, representing the global introduction of TI Automotive’s unique double molded tank for HEV applications. This innovative plastic tank, already being used by pre-production validation vehicles, not only weighs significantly less than traditional steel tanks but also tolerates fuel vapor pressurization up to 500 mbar. This allows optimization of the vehicle’s full electric operating range driving mode. TI Automotive manufactures this tank using its patented and 2014 PACE innovation awarded Tank Advance Process Technology (TAPT) manufacturing process.

“TI Automotive is using its design and manufacturing technologies to develop a wide range of advanced plastic tank products to meet and exceed various EREV fuel vapor pressure requirements. The double molded tank for Karma’s vehicle represents our highest performing product for the diverse luxury electric vehicle market. Our global customers are very excited about this technology advancement as we continue to expand our fluid handling leadership”, said Hans Dieltjens, Executive Vice President – Fuel Tank and Delivery Systems.

Karma currently produces two luxury electric vehicles, the Revero and limited-edition Aliso, both of which are designed to deliver distinctive luxury electric vehicle experiences through innovative design, technology and personalization. The automaker’s future is supported by a well-funded business strategy and product plan that spans into the next decade, according to Bob Kruse, Karma’s Chief Technology Officer.

“We have the right people in place to achieve our goals, a robust pipeline of new products and relationships with the right partners who can help us accelerate technology and product development,” Kruse explained. “Few electric grand touring vehicles in the world can match the performance, luxury and efficiency of the current Karma Revero and TI Automotive’s innovative plastic fuel tank technology will enable our next-generation luxury electric vehicles to achieve even greater levels of performance.”

About TI Automotive

TI Automotive is a leading global manufacturer of fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Automotive has manufacturing facilities in 118 locations across 28 countries serving all major global OEMs.

For more information, visit www.tiautomotive.com.

Meet Karma Automotive and Karma Revero

Karma Automotive designs, engineers, assembles and markets luxury electric vehicles, all from its Southern California base of operations. Founded in 2014 and employing nearly 1,000 people worldwide, Karma Automotive is committed to elevating and growing the luxury mobility experience for its customers and draws on global relationships and technology partners to achieve this. Named Green Car Journal’s 2018 Luxury Green Car of the Year, Karma Revero is a luxury electric vehicle powered by dual electric motors that embodies the company’s goals of offering leading automotive design, technology, customization and an outstanding customer experience.

Learn more about Karma Automotive and Revero at www.karmaautomotive.com or visit the password-free Karma Newsroom at www.karmanewsroom.com for the latest press releases, videos and images.

AUBURN HILLS, Michigan (June 15, 2018) — TI Group Automotive Systems, L.L.C. (“TI Automotive”) and Omega Newco Sub, Inc. (together with TI Automotive, the “Issuers”), today announced they have elected, subject to the satisfaction of the Financing Condition (as defined below), to redeem all of their outstanding 8.75% Senior Notes due 2023, CUSIP numbers 68216P AA9 and U68199 AA3 (the “Notes”), issued pursuant to the indenture, dated as of June 30, 2015 (as supplemented and amended from time to time, the “Indenture”), by and among the Issuers, the guarantors party thereto and Wilmington Trust, National Association, as trustee, (the “Trustee”) to the extent outstanding on July 15, 2018 (the “Redemption Date”). In the event the Financing Condition is not satisfied on or prior to July 15, 2018, the Redemption Date will be extended until the date the Financing Condition is satisfied, provided that the Redemption Date will be no later than 60 days after the date of the Notice of Conditional Full Redemption. The redemption price for the Notes will be 104.375% of the principal amount of the Notes (the “Redemption Price”), which shall be approximately $1,043.75 per $1,000 principal amount thereof, together with accrued and unpaid interest thereon to (but not including) the Redemption Date, which interest shall be approximately $43.75 per $1,000 principal amount thereof. The Redemption Date is a Legal Holiday as such term is defined under the Indenture. As a result, redemption payment will be made on the next succeeding day that is not a Legal Holiday, or July 16, 2018, and no interest will accrue for the intervening period in accordance with the Indenture.

For all purposes of the Indenture, the Notes will be deemed to be no longer outstanding from and after the Redemption Date, and all rights with respect thereto, will cease as of the close of business on that same date. In accordance with Section 5.3(e) of the Indenture, the redemption is conditioned upon TI Automotive’s receipt of proceeds from one or more new financing transactions sufficient, in TI Automotive’s sole discretion, to pay the Redemption Price plus accrued and unpaid interest and to effect the other transactions contemplated by such financing transactions, including paying the related fees and expenses, on or prior to the Redemption Date (the “Financing Condition”).

This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of TI Automotive, its parent company or their respective subsidiaries or affiliates.

About TI Automotive

TI Automotive and certain of its affiliates are a leading global manufacturer of automotive fluid storage, carrying and delivery systems, primarily providing products and services for light vehicles.

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that TI Automotive expects, believes or anticipates will or may occur in the future are forward-looking statements. Actual results may differ materially from those predicted as a result of factors over which TI Automotive has no control. Such factors include, but are not limited to: the completion of the redemption or satisfaction of the Financing Condition. Except as required by applicable law, TI Automotive undertakes no obligation to publicly update or revise any forward-looking statements.

AUBURN HILLS, Mich. (November 8, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the closing of its previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount of its outstanding 8.75% Senior Notes due 2023 (the “Notes”) and concurrent solicitation of consents (the “Consent Solicitation”) from registered holders of the Notes (“Holders”) to amend certain terms of the indenture governing the Notes (the “Indenture”).

As previously announced, an aggregate of $430,642,000 principal amount of the Notes, representing 95.7% of the outstanding Notes, had been tendered as of 5:00 p.m., New York City time, on October 23, 2017. Holders who validly tendered their Notes were deemed to have consented to the proposed amendment to the Indenture. Thus, the proposed amendment has been approved by the Holders.  In addition, an aggregate of $14,415,000 principal amount of the Notes, representing 3.2% of the outstanding Notes, participated only in the Consent Solicitation.

TI Automotive delivered a consent payment of $1.25 per $1,000 principal amount of Notes to Holders who only delivered consents in the Consent Solicitation and the total consideration of $1,088.75 per $1,000 principal amount to Holders who validly tendered their Notes in the Tender Offer and Consent Solicitation (after taking into account proration as described in the Offer Documentation). In addition, TI Automotive rescinded the conditional partial redemption notice issued to Holders on October 10, 2017 to redeem 40% of the Notes pursuant to the Indenture.

TI Automotive retained J.P. Morgan Securities and Goldman, Sachs & Co. to act as dealer managers and solicitation agents for the Tender Offer and Consent Solicitation and D.F. King & Co., Inc. to act as information agent and tender agent for the Tender Offer. Requests for documents may be directed to D.F. King & Co., Inc. at (877) 732-3619 (toll free) or (212) 269-5550 (collect) or email tiauto@dfking.com. Questions regarding the Tender Offer or Consent Solicitation may be directed to J.P. Morgan Securities at (866) 834-4666 (toll free) or (212) 834-8553 (collect) or to Goldman, Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1452.

This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of TI Automotive or its subsidiaries or affiliates. The Tender Offer and Consent Solicitation were made only pursuant to the terms of the Offer Documentation.  No recommendation was made as to whether Holders should tender Notes or consent to the proposed amendment. The Tender Offer and Consent Solicitation were not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable state or foreign securities or “blue sky” laws.

The offering and listing of ordinary shares of TI Fluid Systems plc (“TIFS”) is restricted by law in certain jurisdictions. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, any ordinary shares of TIFS to any person in any jurisdiction, including the United States. Such shares of TIFS have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or with any regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of shares of TIFS in the United States.

About TI Automotive

TI Automotive and certain of its affiliates are a leading global manufacturer of automotive fluid storage, carrying and delivery systems, primarily providing products and services for light vehicles.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that TI Automotive expects, believes or anticipates will or may occur in the future are forward-looking statements.  Actual results may differ materially from those predicted as a result of factors over which TI Automotive has no control. Except as required by applicable law, TI Automotive undertakes no obligation to publicly update or revise any forward-looking statements.

AUBURN HILLS, Mich. (October 24, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the early results for the previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount (the “Maximum Tender Cap”) of its outstanding 8.75% Senior Notes due 2023 (the “Notes”). In conjunction with the Tender Offer, TI Automotive also solicited the consents (the “Consent Solicitation”) from registered holders of the Notes (“Holders”) to amend certain terms of the indenture governing the Notes (the “Indenture”).

An aggregate of $430,642,000 principal amount of the Notes, representing 95.7% of the outstanding Notes, had been tendered as of 5:00 p.m., New York City time, on October 23, 2017 (the “Early Tender/Consent Only Deadline”). Holders who validly tendered their Notes are deemed to have consented to the proposed amendment to the Indenture. In addition, an aggregate of $14,415,000 principal amount of the Notes, representing 3.2% of the outstanding Notes, participated only in the Consent Solicitation. As a result, the requisite consents to amend and supplement the Indenture governing the Notes have been obtained. Withdrawal rights for the Tender Offer and Consent Solicitation have expired. Notes tendered after the Early Tender/Consent Only Deadline will not be accepted for purchase by TI Automotive because Holders have already tendered Notes in an amount exceeding the Maximum Tender Cap.

The Tender Offer and Consent Solicitation is subject to certain conditions, including among other things, the consummation of the initial public offering (the “IPO”) and listing of ordinary shares of TI Fluid Systems plc (“TIFS”) on the London Stock Exchange, as more fully described in the Offer to Purchase and Consent Solicitation Statement and the accompanying Consent and Letter of Transmittal (the “Offer Documentation”), each dated October 10, 2017. If these conditions are satisfied, TI Automotive intends to (i) enter into a supplemental indenture with the trustee and guarantors of the Notes to effect the proposed amendment described in the Offer Documentation, (ii) deliver the consent payment of $1.25 per $1,000 principal amount of Notes to Holders who have only consented in the Consent Solicitation and the total consideration of $1,088.75 per $1,000 principal amount to Holders who have validly tendered their Notes in the Tender Offer and Consent Solicitation (after taking into account proration as described in the Offer Documentation) and (iii) rescind the conditional partial redemption notice issued to Holders on October 10, 2017 to redeem 40% of the Notes pursuant to the Indenture, in each case as soon as practicable following the consummation of the IPO.

TI Automotive has retained J.P. Morgan Securities and Goldman, Sachs & Co. to act as dealer managers and solicitation agents for the Tender Offer and Consent Solicitation and D.F. King & Co., Inc. to act as information agent and tender agent for the Tender Offer. Requests for documents may be directed to D.F. King & Co., Inc. at (877) 732-3619 (toll free) or (212) 269-5550 (collect) or email tiauto@dfking.com. Questions regarding the Tender Offer or Consent Solicitation may be directed to J.P. Morgan Securities at (866) 834-4666 (toll free) or (212) 834-8553 (collect) or to Goldman, Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1452.

This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of TI Automotive, TIFS, or their respective subsidiaries or affiliates. The Tender Offer and Consent Solicitation are only being made pursuant to the terms of the Offer Documentation. No recommendation is being made as to whether Holders should tender Notes or consent to the proposed amendment. The Tender Offer and Consent Solicitation are not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable state or foreign securities or “blue sky” laws.

The offering and listing of ordinary shares of TIFS is restricted by law in certain jurisdictions. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, any ordinary shares of TIFS to any person in any jurisdiction, including the United States. Such shares of TIFS have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or with any regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of shares of TIFS in the United States.

About TI Automotive

TI Automotive and certain of its affiliates are a leading global manufacturer of automotive fluid storage, carrying and delivery systems, primarily providing products and services for light vehicles.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that TI Automotive expects, believes or anticipates will or may occur in the future are forward-looking statements. Actual results may differ materially from those predicted as a result of factors over which TI Automotive has no control. Such factors include, but are not limited to: the completion of the Tender Offer and Consent Solicitation and the completion of the initial public offering of ordinary shares of TIFS on the London Stock Exchange. Except as required by applicable law, TI Automotive undertakes no obligation to publicly update or revise any forward-looking statements.

AUBURN HILLS, Mich. (October 10, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the commencement of a cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount of its outstanding 8.75% Senior Notes due 2023 (the “Notes”). The tender offer is being made pursuant to an Offer to Purchase and Consent Solicitation Statement and the accompanying Consent and Letter of Transmittal (the “Offer Documentation”), each dated October 10, 2017. In conjunction with the Tender Offer, TI Automotive is soliciting consents (“Consents”) from registered holders (“Holders”) of the Notes (the “Consent Solicitation”) to amend certain terms of the indenture governing the Notes (the “Indenture”). Adoption of the proposed amendment requires the consent of the holders of at least a majority of the outstanding principal amount of the Notes. Holders may participate in the Tender Offer and the Consent Solicitation in either of two ways: (i) in both the Tender Offer and the Consent Solicitation or (ii) solely in the Consent Solicitation. Holders who validly tender their Notes will be deemed to consent to the proposed amendment to the Indenture.

The Tender Offer will expire at 11:59 p.m., New York City time, on November 6, 2017 (the “Expiration Date”), and the Consent Solicitation will expire at 5:00 p.m. New York City time, on October 23, 2017 (the “Early Tender/Consent Only Deadline”), in either case unless extended or earlier terminated. Tendered Notes may not be withdrawn, and Consents with respect to the Notes may not be revoked, after 5:00 p.m., New York City time, on October 23, 2017 (as may be extended, the “Withdrawal Deadline”).

Holders validly tendering, and not validly withdrawing, Notes on or before the Early Tender/Consent Only Deadline will be eligible to receive $1,088.75 per $1,000 principal amount of Notes (the “Total Consideration”), which includes an Early Tender Payment of $30.00 per $1,000 principal amount of the Notes, payable on the payment date and a consent payment of $1.25 per $1,000 principal amount of the Notes (the “Consent Payment”). Holders validly tendering, and not validly withdrawing, Notes after the Early Tender/Consent Only Deadline and on or before the Expiration Date will be eligible to receive only the Tender Offer Consideration, which represents the Total Consideration less the Early Tender Payment and any Consent Payment, payable on the payment date. In addition, holders whose Notes are accepted for payment in the Tender Offer will receive accrued and unpaid interest from and including the most recent interest payment date to, but not including, the payment date for their Notes purchased pursuant to the Tender Offer. Holders validly delivering, and not validly revoking, Consents on or before the Early Tender/Consent Only Deadline without tendering the related Notes pursuant to the Tender Offer will be eligible to receive the Consent Payment, payable on the payment date. The Consent Payment will also be payable to Holders who deliver consents by tendering Notes pursuant to the Tender Offer on or before the Early Tender/Consent Only Deadline. Even if Notes tendered by Holders are prorated, Holders will be deemed to have delivered Consents with respect to all Notes tendered at or before the Early Tender/Consent Only Deadline and will receive the Consent Payment in respect of all such Notes, including those returned to such Holders. Holders may revoke their Consents at any time prior to the Withdrawal Deadline.

If the conditions applicable to the Tender Offer and Consent Solicitation are not satisfied, including among other things, the consummation of the initial public offering and listing of ordinary shares of TI Fluid Systems Limited (“TIFS”) on the London Stock Exchange and the receipt of the required Consents to amend and supplement the indenture governing the Notes, and as more fully described in the Offer Documentation, TI Automotive may terminate, extend or amend either or both of the Tender Offer and the Consent Solicitation and the withdrawal deadlines thereunder.

The purpose of the Consent Solicitation is to obtain the requisite consents to approve an amendment to the Indenture so that TI Automotive can satisfy all of its financial reporting and other obligations otherwise contemplated by certain provisions of the Indenture by instead making available to the trustee of the Notes such annual reports, information, documents and other reports that TIFS is required to file or publish in accordance with the rules and regulations of the regulated national securities exchange on which it will be listed.

TI Automotive has retained J.P. Morgan Securities and Goldman, Sachs & Co. to act as dealer managers and solicitation agents for the Tender Offer and Consent Solicitation and D.F. King & Co., Inc. to act as information agent and tender agent for the Tender Offer. Requests for documents may be directed to D.F. King & Co., Inc. at (877) 732-3619 (toll free) or (212) 269-5550 (collect) or email tiauto@dfking.com. Questions regarding the Tender Offer or Consent Solicitation may be directed to J.P. Morgan Securities at (866) 834-4666 (toll free) or (212) 834-8553 (collect) or to Goldman, Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1452.

This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of Consents of Holders of the Notes and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of TI Automotive, TIFS, or their respective subsidiaries or affiliates. The Tender Offer and Consent Solicitation are only being made pursuant to the terms of the Offer Documentation. No recommendation is being made as to whether Holders should tender Notes or consent to the proposed amendment. The Tender Offer and Consent Solicitation are not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable state or foreign securities or “blue sky” laws.

The offering and listing of ordinary shares of TIFS is restricted by law in certain jurisdictions. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, any ordinary shares of TIFS to any person in any jurisdiction, including the United States. Such shares of TIFS have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or with any regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of shares of TIFS in the United States.

About TI Automotive

TI Automotive and certain of its affiliates are a leading global manufacturer of automotive fluid storage, carrying and delivery systems, primarily providing products and services for light vehicles.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that TI Automotive expects, believes or anticipates will or may occur in the future are forward-looking statements. Actual results may differ materially from those predicted as a result of factors over which TI Automotive has no control. Such factors include, but are not limited to: the completion of the Tender Offer and Consent Solicitation and the delivery of the requisite Consents to effect the proposed amendment to the Indenture and the completion of the initial public offering of ordinary shares of TIFS on the London Stock Exchange. Except as required by applicable law, TI Automotive undertakes no obligation to publicly update or revise any forward-looking statements.

• Facility produces plastic fuel tank systems for Great Wall Motors Haval line of sport-utility vehicles and crossover-utility vehicles
• New location is TI Automotive’s 17th within China

AUBURN HILLS, Mich. (June 15, 2016) — TI Automotive, a leading global supplier of automotive fluid systems, officially opened a new fuel tank systems production facility today in Baoding, China. The 74,000 square-foot (6,900 square-meter) facility is TI Automotive’s third fuel tank production facility within China. The new facility is dedicated to producing low-emission plastic fuel tank systems for Great Wall Motors’ Haval brand of sport-utility and crossover-utility vehicles.

The new facility is located just north of the city of Baoding in the Hebei province and is adjacent to the Great Wall Motors production facility. This is TI Automotive’s 17th facility within China, as the company continues to invest in this important region.

“The Haval line of vehicles is one of the fastest growing brands in China and Great Wall Motors is the largest manufacturer of SUVs and trucks in China,” said Hans Dieltjens, executive vice president, Fuel Tank & Delivery Systems, TI Automotive. “Our goal is to support this growth through our product expertise in fuel tank and delivery systems technology and through this new facility.”

TI Automotive is a global leader in the production of plastic fuel tank systems, with advanced technology and designs, along with award-winning products and processes, including the Tank Advanced Process Technology (TAPT), which won a 2014 Automotive News PACE Award. The TAPT process enables optimized production, variable delivery system placement within the tank shell and optimized packaging. TI Automotive’s Ship-in-a-Bottle production system, used to make partial-zero emissions vehicle (PZEV) plastic fuel tanks, won the award in 2009 and remains an advanced technology today.

“We are proud to support Great Wall here in Baoding and to be a part of the growth of the automotive industry throughout the region as well,” said Bill Kozyra, chairman, CEO and president, TI Automotive.

TI Automotive expects to employ 120 people at full capacity at the Baoding facility.

AUBURN HILLS, Mich., June 3, 2016 – Ford honored TI Automotive as a top-performing global supplier at its 18th annual World Excellence Awards ceremony held in Dearborn, Mich.

Bill Kozyra, chairman, CEO & president of TI Automotive was presented with a Quality World Excellence Award by Hau Thai-Tang, Ford Motor Company group vice president, global purchasing.

“Ford’s World Excellence Awards allow us to recognize suppliers who demonstrate a strong commitment to quality, performance and teamwork,” said Thai-Tang. “TI Automotive has helped Ford deliver a breakthrough year, and we are thankful they are a part of our One Ford team.”

“This is a great honor for our company,” Kozyra said. “We have been supplying Ford for 94 years and this is the top company award for quality excellence. I offer my sincere thanks and congratulations to everyone who helped earn this wonderful achievement!”

TI Automotive supplies products to more than 35 Ford and Lincoln models around the world. TI Automotive first supplied fuel lines to the Ford Model T in 1922, as the Bundy Tubing Company in Detroit.

AUBURN HILLS, Mich. (April 13, 2016) — TI Automotive, a leading global supplier of automotive fluid systems technology, has opened a new manufacturing facility in Monterrey, Mexico.

The new, 53,000 square-foot facility will produce fluid carrying systems for the new Hyundai/ Kia manufacturing facility located nearby. TI Automotive is expected to employ around 100 people at full production expected in May 2016.

The new facility is a key additional site for TI Automotive’s global Fluid Carrying Systems (FCS) Division and will produce brake and fuel bundles, brake line assemblies and clutch lines with flared tubes. In addition, the facility will be equipped to produce engine line products including water, oil and vacuum tubes, transmission lines and exhaust gas reduction (EGR) pipes.

“Mexico is a growing automotive market for our customers and this new facility supports our global growth strategy of going where our customers need us,” said Bill Kozyra, chairman, CEO and president, TI Automotive. “We have enjoyed a great partnership with Hyundai/ Kia all over the world for many years and we look forward to mutual continued success here in Monterrey.”

TI Automotive currently has nine production facilities in Mexico. They are located in Mexico City, Puebla, Reynosa and San Luis Potosi.

AUBURN HILLS, Mich. (Feb 16, 2016) – TI Automotive, a leading global supplier of advanced automotive fluid carrying and delivery systems has acquired Millennium Industries Corporation, a Ligonier, Indiana, based producer of powertrain products for the automotive industry.

• Acquisition strengthens TI Automotive powertrain product portfolio, expertise and manufacturing reach
• TI Automotive currently provides gasoline direct-injection rails and lines, diesel lines and turbocharger cooling lines to global auto industry
• Millennium Industries provides fuel rails and lines to North American automotive light vehicle
• Millennium Industries will strengthen TI Automotive’s technical resources in its powertrain product line

The move strengthens TI Automotive’s current powertrain portfolio, which includes gasoline direct-injection lines and rails, diesel fuel lines and turbocharger cooling lines for passenger cars and light trucks.

“Adding Millennium’s successful powertrain products, operations and technical expertise increases our ability to do what we do best – develop and manufacture technology that helps improve fuel economy and performance, while reducing emissions,” said Bill Kozyra, chairman, CEO and president, TI Automotive. “Furthermore, it expands our global reach within the rapidly growing powertrain field.”

“Becoming part of TI Automotive is a perfect fit for our customers and the Millennium team members, as it creates great new expanded opportunities for both parties with a truly global powertrain supplier,” said Gary Vollmar, president, Millennium Industries Corporation.

TI Automotive will retain the 150,000 square-foot Millennium manufacturing facility in Ligonier, Indiana, together with its approximately 500 employees which will strengthen TI Automotive’s technical and manufacturing capabilities. “This is another positive step in what has been an exciting and dynamic time for TI Automotive,” Kozyra said.

AUBURN HILLS, Mich. (Jan. 4, 2016) — TI Automotive, a leading global supplier of automotive fluid systems technology, has moved its corporate offices to a new facility in Auburn Hills, Mich.

The new 140,000 square-foot building is located at 2020 Taylor Road in the Fieldstone Industrial Complex. The facility features three floors of office space, dining facilities, collaboration areas as well as a spacious lobby to display our industry leading products, technology and rich heritage. TI Automotive’s previous corporate offices were located off of Opdyke Road in Auburn Hills, Mich.

“The company has grown significantly during the past six years and this is much more than just a move to a new location,” said Bill Kozyra, chairman, CEO and president, TI Automotive. “This is a significant step for TI Automotive that builds on our strong developments over the past years and will facilitate our progress towards the next successful chapter of our company’s history.”

The move enables TI Automotive to combine more than 300 of its executive, corporate and divisional personnel which had been based in facilities in Auburn Hills and other locations. The company will continue to operate its Technical Center, located on Centre Road, also located in Auburn Hills, with a team of engineering, development and testing personnel.

“The new building features several amenities for the employees and supports an environment of collaboration and teamwork, it also enables us to better utilize our Technical Center just down the road” Kozyra said.

TI Automotive traces its longtime Detroit area roots back to 1922, when it was founded as the Bundy Tubing Company to produce fuel lines for the Ford Model-T.