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April 1, 2005

USA: Delphi books $US1.2 billion in steering column business in 2004

Delphi Corporation booked more than $US1.2 billion in new steering column business globally last year, company officials announced on Friday.

Delphi Corporation booked more than $US1.2 billion in new steering column business globally last year, company officials announced on Friday.

The new business bookings include eight OEM customers in several regions including North America, Europe, Asia and South America, and 26 new customer programmes in total though , as usual, details of individual contracts were not revealed.

Fueled by governmental agency research and mandates, safety continues to be a major focal point for consumers and vehicle manufacturers. A recent NHTSA report shows traditional energy-absorbing steering columns helped saved 53,000 lives from 1960 to 2002, second only to seat belts.

New steering column contracts won by Delphi in 2004 are nearly all for energy-absorbing steering columns with the exception of some tractor business and small base car platforms.

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