Brembo investing $115 million to expand Michigan site

Article by Christian Andrei, 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

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries