Expanding business opportunities with vehicle manufacturers is the objective of a new joint venture announced today between Delphi Automotive Systems (NYSE: DPH) and Plastech Engineered Products, Inc., one of the largest minority-owned automotive interior and exterior trim components suppliers.
The venture, to be called Automotive Modular Concepts, L.L.C., is a strategic venture with Delphi’s Packard Electric Division to manufacture and supply vehicle power and signal distribution system assemblies. The venture will also pursue potential cockpit assembly business.
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“This new alliance expands our minority supplier base and strengthens our ability to win new business,” said David R. Heilman, vice president, Delphi and president Delphi Packard Electric. “Plastech has a very strong business foundation and is capable of handling a diversified product mix. We look forward to growing together.”
Ford Motor Co. has awarded the joint venture the wiring business for a future vehicle. Delphi Packard Electric will act as the electrical/electronic systems integrator for the program.
“We believe that Automotive Modular Concepts will strengthen our ability to win business from Ford and other customers who are looking for minority suppliers with strong automotive expertise,” Heilman said.
Delphi owns 49 percent of Automotive Modular Concepts; Plastech owns 51 percent.
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By GlobalDataPlastech is headquartered in Dearborn, Mich., and employs approximately 2,500 people. It has been operating for more than 10 years, with facilities in 16 locations.
Multi-national Delphi Automotive Systems, with headquarters in Troy, Mich., USA, Paris, Tokyo and Sao Paulo, Brazil, is a world leader in transportation and mobile electronics components and systems technology. Delphi’s three business sectors — Dynamics & Propulsion; Safety, Thermal & Electrical Architecture; and Electronics & Mobile Communication — provide comprehensive product solutions to complex customer needs. Delphi has approximately 213,000 employees and operates 176 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices and 30 technical centers in 38 countries. Delphi can be found on the Internet at www.delphiauto.com
