Commercial Vehicle Group Inc. (CVGI) 2010年年度报告「NASDAQ」.pdf

1、DIVERSIFICATIONFocused onfor the future2010 Annual ReportCommercial Vehicle Group,Inc.1DIVERSIFICATIONWhile North American Class 8 production showed signs of a strong recovery in 2010,we remain committed to our strategy to diversify our end markets.Along with the global OEM truck market,our focus go

2、ing forward is on expanding our presence in the construction,military and agriculture markets as well as aftermarket.As commercial vehicle production levels across the globe return to more normal levels or above expectations,CVG is poised to expand even further as we continue to seek additional oppo

3、rtunities to enter new end markets.Through acquisition strategies and original product concepts,we expect to increase our sales potential by focusing on expansion into the medium-duty truck and agriculture markets and expanding our operations in new geographic regions such as India,Brazil,China and

4、Mexico.Our Strategy 2010 Annual Report 2Commercial Vehicle Group,Inc.3Letter From THE CEOLOOKING BACK2010 was a successful year for our company as the global economy showed signs of recovery.Revenues were up from 2009 and our fourth quarter 2010 revenues were the highest quarterly revenues we have s

5、een since the fourth quarter of 2008.While the past economic downturn required us to make difficult decisions,we believe we are emerging as a more agile and focused organization.CUSTOMER RECOGNITIONIn todays economy,producing a quality product and delivering it on time is extremely important,while f

6、orming and sustaining strategic business relationships with customers and suppliers remains essential.Throughout 2010,we developed,strengthened and maintained relationships,which have helped us achieve new business and earned CVG many awards and accomplishments.For the second year in a row,John Deer