Concentration of Risk

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Concentration of Risk

NOTE 19. CONCENTRATION OF RISK

As of December 31, 2023 and 2022, the Company employed approximately 3,700 and 3,500 employees, respectively, with 89% of those employees in the U.S. Approximately 48% and 46% of the Company’s U.S. employees were represented by unions and subject to a collective bargaining agreement as of December 31, 2023 and 2022, respectively. The Company is currently operating under a collective bargaining agreement with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (“UAW”) Local 933 that expires in November 2027.

Three customers accounted for 10% or more of the Company's net sales within the last three years presented.

	Years ended December 31,
% of net sales	2023			2022			2021
Daimler AG		18	%		20	%		20	%
Traton SE		11	%		10	%		10	%
PACCAR Inc.		11	%		9	%		10	%

Two customers accounted for 10% or more of the Company's outstanding accounts receivable within the last two years presented.

% of accounts receivable	December 31, 2023			December 31, 2022
Daimler AG		16	%		17	%
Traton SE		14	%		11	%

No supplier accounted for 10% or more of materials purchased during any of the years ended December 31, 2023, 2022 or 2021.