CONCENTRATION OF RISK

12 Months Ended

Dec. 31, 2014

CONCENTRATION OF RISK

NOTE 18. CONCENTRATION OF RISK

As of December 31, 2014 and 2013, the Company employed approximately 2,700 employees, respectively with 90% of those employees in the U.S. Approximately 60% of the Company’s U.S. employees were represented by unions and subject to a collective bargaining agreement as of December 31, 2014 and 2013. In addition, many of the hourly employees outside the U.S. are represented by various unions. The Company is currently operating under a collective bargaining agreement with the UAW Local 933 that expires in November 2017.

Three customers accounted for greater than 10% of net sales within the last three years presented.

	Years ended December 31,
% of net sales	2014			2013			2012
Daimler AG		17	%		17	%		13	%
Navistar, Inc.		10	%		10	%		11	%
Oshkosh Corporation		4	%		8	%		11	%

No other customers accounted for more than 10% of net sales of the Company during the years ended December 31, 2014, 2013 or 2012.

Three customers accounted for greater than 10% of outstanding accounts receivable within the last two years presented.

% of accounts receivable	As of December 31, 2014			As of December 31, 2013
Daimler AG		15	%		15	%
Navistar, Inc.		12	%		10	%
AB Volvo.		8	%		11	%

No other customers accounted for more than 10% of the outstanding accounts receivable as of December 31, 2014 or December 31, 2013.

One supplier accounted for greater than 10% of materials purchased for the periods presented:

	Years ended December 31,
% of material purchased	2014			2013			2012
Linamar Corporation Inc.		10	%		13	%		13	%

No other supplier accounted for more than 10% of materials purchased during the years ended December 31, 2014, 2013 or 2012.