Delphi's commercial vehicle business grows

Delphi Corp said it has secured more than $1.5 billion in future new commercial vehicle business during the first six months of 2003, exceeding the firm's target for the entire year.

J T Battenberg III, president and chief executive officer, said this commercial vehicle performance validates how the company is successfully executing its strategy of building its non-automotive business and diversifying its customer base.

Greg Kochendorfer, Delphi's global director for commercial vehicles, said most of this year's new business falls into six product areas: diesel fuel injection, diesel electronic control units, audio, safety, climate control, and electrical/electronic distribution systems.

Delphi said it has steadily increased its commercial vehicle business during each of the past three years. In 2002, the company booked $1.1 billion of new commercial vehicle business, up from $900 million in 2001.

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