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Non-Tech : Delphi Automotive Systems (DPH)

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To: BWAC who wrote (292)	6/24/2002 1:29:45 PM
From: JakeStraw	Read Replies (1) of 397

Hyundai, Delphi Reach $400M Deal biz.yahoo.com Associated Press Delphi's $400 Million Deal Will Support New Hyundai Engines TROY, Mich. (AP) -- Hyundai Motor Corp. has signed a letter of intent to buy $400 million in engine management systems from Delphi Corp. (NYSE:DPH - News) to support the Korean automaker's new V-6 engine, the automotive supplier announced Monday. Production on the new engine is expected to begin in Korea "in the near future" according to a statement released by Troy-based Delphi. Until then, the world's largest auto supplier will invest $20 million at three engine management systems facilities in Korea and North America. Engine management equips and calibrates engines to provide a minimum of exhaust emissions while achieving higher levels of performance and fuel economy. For Hyundai's V-6 engine, Delphi will provide a powertrain control module and complete engine control system

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