Revolution in Fasteners Helps Bridge the Gap 
to Greener Vehicles

Friday, March 19 2010

With auto sales down as much as 40 percent, it can feel to some like the industry is coming apart. But a "revolution in fasteners" may soon help bridge the gap to greener vehicles, while increasing sales and lowering recall and warranty rates.

"We're at the beginning of a fastener revolution in automotive," says Ray Genick, Director of New Business Development and former VP of Engineering at Emhart Teknologies, a leader in the design and creation of unique assembly technologies. "It's being driven not only by a need to lower recall and warranty costs, but also to raise fuel efficiency while reducing weight and environmental impact."

A new report, which profiles Emhart Teknologies and other industry leaders, forecasts a growing automotive fastener market to reach $12.2 billion by 2012.

"Automotive fasteners assume high significance owing to the increasingly complex nature of vehicular designs, which is expected to necessitate stronger, improved, and durable fasteners," states a news release called "Automotive Fasteners: A Global Strategic Business Report," published by Global Industry Analysts, Inc., one of the world's largest market research publishers.