Business
Change of Adviser
Change of Adviser.
About this update from Ct Automotive Group Plc
[{"type":"text","content":"\n\n\nCT Automotive Group plc\n(\"CT Automotive\" or the \"Group\")\n \nChange of Nominated Adviser and Sole Broker\n \nCT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, is pleased to announce the appointment of Singer Capital Markets as the Company's Nominated Adviser and Sole Broker, with immediate effect.\n \nEnquiries:\n\n\n\n\nCT Automotive\nSimon Phillips, Chief Executive Officer\nAnna Brown, Chief Financial Officer\n \n \n\n\nVia Novella\n \n\n\n\n\nSinger Capital Markets Advisory LLP (Nominated Adviser and Broker)\nSteve Pearce, Alex Bond, James Todd\n \n \n\n\nTel: +44 (0)20 7496 3000\n\n\n\n\nNovella Communications (Financial Public Relations)\nTim Robertson, Claire de Groot, Safia Colebrook\n\n\nTel : +44 (0)20 3151 7008\[email protected]\n\n\n\n\n \n \nNotes to editors\n \nCT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes (for example, dashboard panels and fascia finishes) and kinematic assemblies (for example, air registers, arm rests, deployable cup holders and storage systems), as well as their associated tooling, for the world's leading automotive original equipment suppliers (\"OEMs\") and global Tier One manufacturers.\n \nThe Group is headquartered in the UK with a low cost manufacturing footprint. Key production facilities are located in Shenzhen and Ganzhou, China complemented by additional manufacturing facilities in Mexico, Türkiye and Czechia.\n \nCT Automotive's operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than competitors. This has helped the Group build a high-quality portfolio of OEM customers, both directly and via Tier One suppliers including Forvia and Marelli. End customers include volume manufacturers, such as Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such as Bentley and Lamborghini. In addition, the Group supplies all our customer base with a range of products for PHEV and BEV platforms and supplies electric car manufacturers, including Rivian and a US based major EV OEM.\n \nThe Group currently supplies component part types to over 57 different model...