Brembo investing $115 million to expand Michigan site

Article by Christian A., 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

Recommended

Not so long ago, the 2018 Genesis G80 Sport made its debut at the 2016 LA Auto Show. But at that time, it did not have a price yet. And...
by - April 23, 2017
It seems like an increase in price has become a trend for automotive companies lately. Genesis isn’t alone when it comes to this. Subaru had just announced that the 2018...
by - April 23, 2017
Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 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