Brembo investing $115 million to expand Michigan site

Article by Andrew Christian, on May 22, 2014

Brembo SpA has disclosed a $115-million expansion of its brake component site in Homer, Michigan that now allows the plant to build up to 12.5 million brake discs and 400,000 calipers and corner modules every year. Brembo executives told Automotive News in an interview that they expect North America to become the brake supplier’s largest global market this year, as they expect the European market to still stagnate.

Brembo executive deputy chairman Matteo Tiraboschi told Automotive News that sales in North America could grow 15 percent this year, after expanding 19 percent in 2013. Tiraboschi remarked that Brembo is growing very fast in the North American market, where it is doing significant business with Chrysler Group.

Brembo also includes Ford Motor Co. and General Motors in its customer list. It also supplies brakes to Ferrari, Porsche and Formula One race cars in Europe.

The Italian supplier has also expanded its product portfolio beyond the usual high-performance units like the Dodge Viper, Chevrolet Corvette and Cadillac CTS-V; it is now supplying brake components for Chrysler minivans and compact sedans.

Tiraboschi remarked that Brembo is now considering investments in the Mexican aftermarket, where it sees a very good growth in the coming years. [source: automotive news - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016
Have you ever heard of the name Kris Singh? If you’re passionate about cars, you’ve probably come across this name at some point while you scour reports about the latest...
by - September 2, 2016