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Non-Tech : Delphi Automotive Systems (DPH) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (311)	9/23/2002 9:27:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 397

Record Growth at Delphi Europe Customer Diversification Accelerates as New High-Technologies Come to Market Monday September 23, 9:05 am ET biz.yahoo.com PARIS, Sept. 23 /PRNewswire/ -- Delphi Corp.'s (NYSE: DPH) European operations achieved record growth in booked business during 2001 and results from the first half of 2002 show that this year will be equally as good. During 2001, Delphi's Europe received new orders with a lifetime contract value estimated at more than $6.0 billion. During the first half of 2002, orders have already been received exceeding $3.0 billion. In the near future, Delphi expects to announce contracts for its innovative diesel common rail technology with two major European vehicle manufacturers indicating another year of strong European performance. (Photo: newscom.com "This is tangible proof that our strategies are delivering a strong performance based on new technologies and close customer relationships," comments Jose Maria Alapont, president of Delphi Europe, Middle East and Africa and vice president, Delphi Corp. "We are particularly pleased with the confidence and high level of trust shown by Europe's leading vehicle manufacturers in Delphi's capacity for innovation and advanced product technology. It is a tremendous recognition to the whole Delphi team at every level." Delphi Europe anticipates sales for 2002 of approximately $5.8 billion, up 37 percent since independence from GM in 1999. According to Alapont, there is important growth with all major European customers. "Vehicle manufacturers are recognising that our new high-technology systems can add substantial value to their vehicle programmes, helping to differentiate their products in an increasingly competitive market," he continued. "They are also finding considerable benefits in the new ways of working together that Delphi is pioneering. We can support them to advance the pace of innovation through o-development agreements, bringing technologies to market more quickly at lower cost, and support their manufacturing around the world with our supply-chain integration expertise."