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 company's target for the entire year.
President & CEO J.T. Battenberg III said the company's commercial vehicle performance validates how the company is successfully executing its strategy of building its non-automotive business and diversifying its customer base.
"Our product portfolio, our electronics expertise and our emphasis on customer service all lend themselves especially well to the commercial vehicle market," Battenberg said. "This momentum is propelling us ahead of our anticipated goals for the business line."
Greg Kochendorfer, Delphi's global director for commercial vehicles, said that the majority of this year's new business falls into six product areas: diesel fuel injection; diesel electronic control units; and 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. Last year, the company booked $1.1 billion of new commercial vehicle business, up from $900 million in 2001.