Delphi Division Invests More Than $240 Million on New Product Development And Technology Programs Through First Two-Quarters of 2001
biz.yahoo.com
FLINT, Mich., Aug. 28 /PRNewswire/ -- Delphi Energy & Chassis Systems, a division of Delphi Automotive Systems (NYSE: DPH), has invested more than $240 million in business growth spending through the first two quarters of 2001.
(Photo: newscom.com )
Investment product programs accounted for the majority with spending in excess of $200 million. Product development, process improvements, information technology enhancements and facility improvements comprise the remainder of the spending.
``We are committed to investing in new product and information technologies that will deliver viable returns for us in the long term,'' said Guy C. Hachey, president, Delphi Energy & Chassis Systems.
Delphi is currently engaged in several new chassis, exhaust, and gas and diesel engine management programs with OEMs worldwide. Delphi remains committed to growing its passenger and light-, medium- and heavy-duty automotive diesel businesses, including key products such as common rail diesel systems and electronic unit injectors. Appropriations to-date for Delphi's diesel systems total more than $70 million.
More than $60 million has been appropriated to support Delphi's Rochester, N.Y., Grand Rapids, Mich. and Coopersville, Mich. facilities for various gas engine management, fuel injector, air fuel module and valve-train product programs.
Delphi has also allocated more than $20 million in capital for battery and chassis module programs. Batteries are produced at several Delphi facilities worldwide, with U.S. battery operations in Anaheim, Calif., Olathe, Kan., New Brunswick, N.J., and Fitzgerald, Ga. Chassis modules are produced at Delphi's Saginaw, Mich. facility.
``Our investment strategy will continue to support our long-term business plan and growth strategy -- investing in businesses and technologies that will help Delphi remain a world leader in technology and innovation,'' said Hachey. |
