Cooper-Standard makes sealing systems and fluid handling systems for passenger cars and light trucks. Seals keep out water, dust, and noise, while fluid handling components manage fuel, brake fluid, coolant, and other fluids. Cooper-Standard sells roughly 86% of its output directly to OEM automakers, with the rest going to Tier I/II suppliers, distributors, and non-automotive customers. Key customers include Ford, GM, Stellantis, Volkswagen, Mercedes-Benz, and Renault-Nissan, and Cooper-Standard's products appear on more than 430 nameplates globally. The company operates 65 manufacturing facilities across 20 countries with roughly 22,000 employees. Cooper-Standard operates two segments: Sealing Systems, where it claims the global #1 position, and Fluid Handling Systems, where it holds the #2 position in fuel and brake delivery and #3 in fluid transfer. Revenue is driven by platform awards, vehicle production volumes, and content per vehicle. Once Cooper-Standard wins a platform, it typically supplies that product for 5–8 years, giving the company high revenue visibility. The company's growth strategy centers on two themes: hybrid vehicle content expansion and China OEM growth. Hybrids require fluid handling for both combustion and electric drivetrains, and management estimates hybrids offer up to an 80% increase in fluid handling content per vehicle versus a traditional ICE vehicle. In China, Cooper-Standard is shifting its customer mix toward domestic Chinese OEMs, who represented 51% of its $298M in net new business awards in 2025, and management targets Chinese OEMs representing over 60% of China revenue by 2030.