USA: Dura Automotive announces new contract awards
Dura Automotive Systems, Inc. (Nasdaq: DRRA), today announced $268 million in new contract awards beginning in model years 2001 through 2005. This new business includes various platforms in North America and Europe for Ford Motor Company, General Motors and Volkswagen. The $268 million in new contracts includes Seat Mechanisms & Structures of $77 million, Glass Systems of $66 million, Door Modules of $65 million, Adjustable Pedals of $45 million and Electronic Park Brakes of $15 million. Karl Storrie, president and chief executive officer for Dura Automotive, stated, "We are very proud of these awards as we are starting to see the benefits of our investment in new technology and continue to benefit from our recent acquisitions."
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