USA: Delphi wins Ford steering column contract

Delphi
Automotive Systems has won a contract to supply energy-absorbing steering columns
for a new Ford vehicle, Bloomberg News reported.

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Terms of the contract and details about the vehicle weren’t disclosed, Bloomberg
said. The "high volume" contract is its first for Ford steering columns,
the formerly GM-owned Delphi said in a statement.

The order is probably for the redesigned 2003 Taurus sedan or the F-150 or
F-250 pickup trucks, Mike Wall, a senior auto analyst at IRN Inc. in Grand Rapids,
Michigan, told Bloomberg News.

The contract will be worth more than $US100 million a year in sales for Troy,
Michigan-based Delphi, Wall estimated.

Delphi also said it has won steering contracts worth about $75 million from
vehicle makers in Europe, Brazil and India during the past six months, Bloomberg
reported.

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