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