Amsted Automotive Wins 2024 Honda Excellence Award Amidst Positive Sentiment for Honda Motor
- Amsted Automotive received the 2024 Honda Excellence in Quality and Delivery award for outstanding performance.
- This is Amsted's second recognition in five years, highlighting its high standards in quality and delivery for Honda.
- The award underscores Amsted's strong partnership with Honda and reliability in meeting stringent quality criteria.
Amsted Automotive Receives Honda Excellence in Quality and Delivery Award
Amsted Automotive, headquartered in Southfield, Michigan, has been recognized with the 2024 Honda Excellence in Quality and Delivery award, a prestigious accolade that underscores the company’s commitment to manufacturing excellence. This marks the second time in five years that Amsted has received this honor, emphasizing its ability to maintain high standards in quality and delivery performance. The award is particularly noteworthy as Honda selects only 33 suppliers from a competitive pool of approximately 700, reflecting Amsted's exceptional standing in the automotive supply chain.
The accolade is specifically awarded for the outstanding performance of a selectable one-way clutch produced by Amsted's Means Industries division. Bill Kerfin, President of Amsted Automotive, highlights the company’s pride in this recognition and reiterates the importance of their strong partnership with Honda. This award not only signifies Amsted's reliable delivery of high-quality components but also showcases its consistent performance in meeting Honda's stringent criteria. Previously, Amsted earned this award in 2020, establishing a track record of excellence that strengthens its reputation among global original equipment manufacturers (OEMs).
Amsted Automotive’s capabilities are further enhanced by its integration of advanced manufacturing techniques, including metal-forming, precision powder metallurgy, and innovative driveline systems. This positions the company well to cater to the evolving automotive landscape, which encompasses internal combustion engines (ICE), hybrid electric vehicles (HEV), and electric vehicle (EV) platforms. Since its establishment in 2021 through the consolidation of several companies, Amsted has expanded its global footprint with 21 facilities across North America, Europe, and Asia. This robust manufacturing infrastructure supports the production of over 100 million components and assemblies annually, underscoring Amsted's leadership in precision products and propulsion solutions for a variety of automotive systems.
In addition to Amsted's achievements, the automotive industry continues to witness shifts in investor sentiment regarding Honda Motor Co. Recent reports indicate a notable decrease in short interest, with the percentage of shares sold short falling by 12.2%. Currently, Honda has 5.03 million shares sold short, representing just 0.36% of its total shares available for trading. This decline may suggest growing confidence in Honda’s future performance, although specific factors driving this change were not detailed in the report.
Overall, the recognition of Amsted Automotive by Honda highlights the importance of quality and reliability in the automotive supply chain, particularly as manufacturers adapt to new technologies and market demands. Amsted's award not only reflects its operational excellence but also reinforces its critical role in the evolution of propulsion systems across various vehicle platforms.
