USA: Delphi boosts commercial vehicle business
Delphi Corp. booked more than $US2 billion in new commercial vehicle business during the first six months of 2004 surpassing last year's $1.5 billion in the same period, company officials said.
Revenue from the new business will be earned over an average of five years. Customer details were withheld.
"Delphi continues to maintain focus on commercial vehicle customers," said Delphi president and CEO JT Battenberg.
Much of the growth is in Europe and Asia-Pacific, where Delphi continues to add new customers. Sales in Europe increased more than 14% during first half 2004 compared to H1 2003.
"The majority of the new business falls into several categories including diesel components, audio, climate control and connection systems," said commercial vehicle systems head Brad Maggart. "Our CV customers continue to show strong interest in both products developed for the CV market and those adapted from previous automotive applications."
During the last several years, the one-time GM parts subsidiary has seen its commercial vehicles sales jump sharply. Last year, it booked a record $3.2 billion in new commercial vehicle business, up from $1.1 billion in 2002 - an increase of 191%. European bookings reached $781.4 million during 2003.