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Delphi Wins $400M in New Electric Power Steering Business.
- Article from:
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PR Newswire
- Article date:
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May 11, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EPS offers cost-effective way to increase fuel economy and improve vehicle handling
TROY, Mich., May 11 /PRNewswire/ -- Delphi Corp. has been awarded two new Electric Power Steering (EPS) programs with a North American OEM totaling more than $400 million in lifetime revenue.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
The revenue will be generated over the length of the contracts, which average four years. Details of individual contracts remain confidential at the customer's request.
Higher gas prices, positive market reaction to vehicles with hybrid powertrains, and high domestic sales of trucks and SUVs driving OEM fleet CAFE ratings ...