TI Automotive Wins $173 Million in new Business
WARREN, Mich., Oct. 1 /PRNewswire/ -- TI Automotive, a leading supplier to major automotive manufacturers, has been awarded contracts totaling more than $173 million in combined lifetime sales by three global automakers. TI Automotive's Fuel Systems group received contracts during the second quarter of 2007 from General Motors, Kia and Toyota, according to Brian Lindsay, president of the company's Global Fuel Systems Division. Production of fuel tanks, pumps and modules under the new supply agreements will take place at a number of TI Automotive facilities throughout the world, including plants in North America and Europe. "These new contracts represent important 'wins' for our global fuel systems product teams," said Lindsay. "They further solidify our position as an industry leading supplier of fuel tanks, pumps and modules." TI Automotive is the world's leading supplier of fluid storage, transfer and delivery systems, including brake, fuel and air conditioning applications. With headquarter locations in Warren, Mich., and Oxford, England, the company employs more than 16,000 people at more than 100 facilities in 27 countries on six continents. Annual sales in 2006 totaled approximately $2.9 billion. Further information is available on the Internet at www.tiautomotive.com.
SOURCE TI Automotive
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