lkswagen Group; and Weichai Power. Australia: The company’s customers include Club Car; Fiat Industrial (Iveco); Ford Motor; General Motors; and Toyota Motor. South America: The company’s customers include Daimler AG; Fiat-Chrysler; Fiat Industrial (Iveco); Ford Motor; General Motors; MAN SE; Navistar International; Nissan Motor; PSA Peugeot Citroen; Renault; Scania; Toyota Motor; Volkswagen Group; and Volvo Global Truck. India: The company’s customers include Club Car; E-Z Go; Ford Motor; General Motors; Isuzu Motor; Mahindra & Mahindra; Nissan Motor; Suzuki Motor; Tata Motors; Toyota Motor; and Volkswagen Group. During 2012, the company’s aftermarket customers included full-line and specialty warehouse distributors, retailers, jobbers, installer chains and car dealers. These customers included National Auto Parts Association, Advance Auto Parts, Uni-Select, and O’Reilly Automotive in North America, Temot Autoteile GmbH, Autodistribution International, Group Auto Union, Auto Teile Ring and AP United in Europe and Rede Presidente in South America. Seasonality The company’s original equipment and aftermarket businesses are somewhat seasonal. Original equipment production decreases in the third quarter (year ended December 31, 2012) due to original equipment plant shutdowns for model changeovers and European holidays, and softens further in the fourth quarter due to reduced production during the holiday season and the winter months in North America and Europe generally. The company’s aftermarket operations, also affected by seasonality, experience relatively higher demand during the spring as vehicle owners prepare for the summer driving season. While seasonality does impact the company’s business, actual results may vary from the above trends due to global and local economic dynamics as well as industry-specific platform launches and other production-related events. During periods of economic recession, original equipment sales traditionally decline due to reduced consumer demand for automobiles and other capital goods. Aftermarket sales tend not to be as adversely affected during periods of economic downturn, as consumers forego new vehicle purchases and keep their vehicles longer, thereby increasing demand for repair and maintenance services. By participating in both the original equipment and aftermarket segments, the company generally sees a smaller revenue decline during economic downturns than the overall change in original equipment production. Strategy The key components of the company’s business strategy are: develop and commercialize technologies that allow it to expand into new, fast-growing markets and serve its existing customers; penetrate various adjacent sales opportunities and achieve growth in higher-margin businesses by applying its existing design, engineering and manufacturing capabilities; expand its global footprint into growth regions around the world; manufacture and market brand-name products to a diversified and global aftermarket customer base; and identified and capitalized on strategic acquisitions and alliances to achieve growth; History The company was founded in 1987. It was incorporated in Delaware in 1996. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005.
tenneco inc (TEN:New York)
500 North Field Drive
Lake Forest, IL 60045
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