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Non-Tech : Delphi Automotive Systems (DPH)

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To: Steven who started this subject11/17/2003 8:51:49 AM
From: JakeStraw  Read Replies (1) of 397
 
Delphi Secures $388 Million in New Halfshaft Business Strengthening Its Global Market Position
Friday November 14, 8:01 am ET
$1 billion in new business since start of 2002
biz.yahoo.com

SAGINAW, Mich., Nov. 14 /PRNewswire/ -- Delphi Corp. (NYSE: DPH) has strengthened its position in the halfshaft market by securing several new business contracts and renewing five other contracts across North America and Asia Pacific. The new business secured will bring Delphi an additional $388 million over the life of the contracts. This adds to the strong $621 million booked in 2002.
(Logo: newscom.com )
The new and retained contracts include a variety of small, mid-luxury and light truck halfshaft applications, which utilize standard to premium constant velocity joint technology. Delphi has nearly forty years of experience integrating halfshafts into vehicle systems, resulting in a unique combination of technological expertise and global capability to manufacture halfshaft products. The ability to win these opportunities demonstrates Delphi's competitiveness, market commitment, customer focus and position as an industry leader in the design and manufacture of halfshafts.

"Delphi's halfshaft business continues to strengthen as a result of our focus on providing our customers the best total solution. Our established experience in vehicle systems integration, as well as our global footprint for manufacturing flexibility, position us for further market growth," said James Ray, business line executive for halfshafts and aftermarket.
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