Delphi Automotive Systems (NYSE: Dph) and Ventra Group Inc. (Toronto: VTA – news) today announced that the two companies have signed a teaming agreement that focuses the technical, production and marketing capabilities of the two companies on potential new business opportunities in the growing market for power adjustable automotive pedals.
The announcement was made jointly by James Bertrand, president of Delphi Interior Systems and vice president of Delphi Automotive Systems, and Kenneth R. Nichols, chairman and chief executive officer of Ventra Group Inc. The agreement establishes a relationship for Delphi and Ventra to jointly bid on programs for both power and conventional pedals.
Power adjustable pedals permit drivers to easily adjust pedal reach to help increase both comfort and safety. Research shows many drivers of shorter stature pull their seats forward in order to reach the pedals. Adjustable pedals help drivers maintain the minimum distance from the airbag and steering wheel recommended by vehicle manufacturers to help reduce the risk of injury from a deploying airbag.
“Delphi is extremely fortunate to team-up with a highly reputable company such as Ventra, with proven technical, production and marketing capabilities,” said Bertrand. “I have a great deal of confidence that, working together, Ventra and Delphi will be more competitive on cost, quality and design and take advantage of the emerging opportunities in this market.”
“Ventra is extremely pleased to work with a company like Delphi as they have tremendous experience in both power product systems and occupant protection systems,” said Nichols. “It is our expectation that demand for these products is going to increase in the future, and this teaming agreement positions both companies to take a leadership position.”
Ventra Group Inc. is a leading, global Tier 1 supplier of a broad range of high quality engineered mechanical assemblies and a leading North American Tier 1 supplier of high precision molded and painted plastic systems and components for the automotive industry. Ventra Group Inc. currently employs more than 6,300 people at 28 manufacturing facilities in Canada, the United States, Europe, Mexico, South America and Asia.
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