CHINA: Country becomes Delphi's most profitable market
China has become Delphi’s most profitable market. The company does not disclose profit figures per region, but it confirms China was its top performing market last year. The No. 1 global supplier posted profits of $US343 million (€299 million) in 2002 compared to losing $370 million in 2001, Automotive News Europe reported. For each of the next five years, Delphi China expects to at least match the average 24% annual revenue growth it has had since entering China in 1993.
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