AMSTERDAM, The Netherlands, Sept. 28, 2017 (GLOBE NEWSWIRE) — Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) today announced that it extends its long-term partnership with the Fiat Chrysler Automotive (FCA) to supply aluminium Auto Body Sheet for the new Alfa Romeo Stelvio. The Alfa Romeo Stelvio is a major milestone in the 107 years of history of the famous brand. This first ever SUV produced by Alfa Romeo hit the road early 2017, and is the second vehicle produced on the newly launched FCA Giorgio platform.
Constellium is the primary supplier of Auto Body Sheets both for the closures and inner parts for the Stelvio. For the hood outer, the tailgate outer upper and lower, Constellium provides Surfalex®, with high surface quality and specific hemming and roping properties, particularly adapted to model designs such as the Stelvio. Constellium also provides its high performing 5182 alloy for the hood inner, front and rear door inner and tailgate inner, bringing the requested strength and formability for complex inner parts.
“We are very proud to supply the Alfa Romeo Stelvio with our outer and inner aluminium solutions,” says Dieter Hoell, Director Sales and Marketing, Automotive & Specialties. “This confirms the strong relationship we have built over years with the Fiat Chrysler Automotive Group, both in Europe and in the U.S., and we are glad to support them in their light-weighting programs and the relaunch of the Alfa Romeo brand.”
Constellium (NYSE:CSTM) (Euronext Paris:CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €4.7 billion of revenue in 2016.
Forward Looking Statement
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward looking statements” with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. These risks and uncertainties include, but are not limited to, the ability of Constellium and Wise Metals to achieve expected synergies and the timing thereof; Constellium’s increased levels of indebtedness, which could limit Constellium’s operating flexibility and opportunities; the potential failure to retain key employees, the loss of customers, suppliers and other business relationships slower or lower than expected growth in the North American market for Body-in-White aluminium rolled products, and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
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Source: Nasdaq Automotive News