We have a passion for winning but at all times will act with unquestioned integrity. We will always do the right thing. We will treat one another honestly and with respect and consistently meet our commitments.
Product Development and Innovation
Our engineering and product development process will be world class. Our engineering footprint will be globally capable and focused in low cost countries. Innovation will be a significant driver of our global growth. We will surprise and delight our customers globally, introducing our innovative products at the world’s major automotive shows.
We will be the cost leader in our industry. We will be operationally excellent at everything we do through a focus on continuous improvement. Our Operating System will be fully deployed and we will be the most operationally capable company in our industry, with recognized industry leadership in cost, quality, launch execution, and customer satisfaction. We will have globally consistent, lean business processes centralized in low cost countries and supported by world class information technology systems. We will leverage our global footprint, scale and ‘Materials Best Business Practices’ to be the benchmark in operations, supply chain management and supplier development.
We embrace the globalization of the automotive industry and through our global footprint and joint venture partners will be uniquely positioned to win. We will be global market share leaders and leverage our leading position and capabilities in China. We will leverage our world class capabilities to grow beyond the automotive industry, with at least $1 billion annual revenues derived from non-automotive markets.
We will be known for customer satisfaction. Our leaders are expected to be advocates for the customer and we will work collaboratively with customers to gain global market share. We will be easy to do business with. Flawless program management and launch execution will be a hallmark of our organization.
People and Leadership
Our people are our greatest asset, there is nothing more important than their safety. We expect to be held accountable. Our culture of employee engagement and leadership development will be the benchmark in our industry. We will promote from within and will celebrate and recognize excellence. Our diversity will mirror our markets. Our company embraces strong corporate citizenship and our people are expected to be active in their communities. Leaders are the stewards of our performance culture.
We will deliver top quartile shareholder returns within our industry through market share growth, margin expansion, revenue diversification and strong free cash flow generation. We will pursue acquisitions to accelerate our growth. We will have a strong balance sheet that affords financial flexibility to sustain the company through business cycles.