DETROIT, Mich., March 6 /PRNewswire/ -- Delphi Automotive Systems (NYSE: DPH) will supply seat belts to General Motors for a future full-size van program, company officials announced here at Society of Automotive Engineers 2000 World Congress. The 5-year contract is worth more than $8 million annually and is the second contract obtained under Delphi's teaming agreement with Japanese seat belt manufacturer Ashimori Industry, Ltd. "Winning this contract is a big step toward becoming a provider of comprehensive vehicle occupant protection systems," said Lon Offenbacher, product line director, occupant protection systems, Delphi Automotive Systems. "Earlier this year we announced that Delphi had officially reentered the seat belt business. Now we have secured a major contract that establishes Delphi as a credible player in the automotive seat belt market." Offenbacher explained that the seat belts will incorporate the latest Ashimori retractor technology with load-limiting capabilities, a feature that enhances the level of occupants' safety. Load-limiters allow for the seat belt to ease slightly, helping to reduce torso injuries in the event of an accident. Delphi plans to manufacture the seat belts at its award-winning RIMIR facility in Matamoros, Mexico. Technical support for the program will come from Delphi's safety system technical centers in Korea and Vandalia, Ohio, as well as Ashimori's laboratories in Japan and Delphi's Mexico Technical Center. Ashimori Industry Co., Ltd., based in Osaka, Japan was established in November 1878, and restructured as a public company in December 1935. The company celebrated its 120th anniversary last year. Ashimori is a manufacturer of airbags, seat belts, fire hoses, and industrial textile products, including industrial timing belts and rope, and has a unique technology of pipeline relining systems. Ashimori's 1998 sales exceeded US$240 million. The company has five consolidated subsidiaries, four in Japan and one in the United Kingdom. Delphi Automotive Systems, headquartered in Troy, Mich., USA, is a world leader in transportation and mobile electronics components and systems technology. Delphi's three business sectors -- Dynamics & Propulsion; Safety, Thermal & Electrical Architecture; and Electronics & Mobile Communication -- provide comprehensive product solutions to complex customer needs. Delphi has approximately 213,500 employees, and operates 175 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices and 27 technical centers in 38 countries. Regional headquarters are located in Paris, Tokyo and Sao Paulo, Brazil. Delphi can be found on the Internet at http://www.delphiauto.com SOURCE Delphi Automotive Systems -0- 03/06/2000 /CONTACT: Sharon E. Combes of Delphi Automotive Systems, mobile, 248-342-8228/ /Company News On-Call: http://www.prnewswire.com/comp/076666.html or fax, 800-758-5804, ext. 076666/ /Web site: http://www.delphiauto.com/ (DPH GM) CO: Delphi Automotive Systems; General Motors Corporation; Ashimori Industry, Ltd. ST: Michigan, Mexico, Japan IN: AUT SU: CON TDS -0- Mar/06/2000 11:45 EOS (PRN) Mar/06/2000 11:45 85 â -0- (PRN) Mar/06/2000 12:00
Delphi Earns $40 Million Seat Belt Contract With GM
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