 News of August 24, 1999
Page 4 of 4
Delphi's
Electric Power Steering Debuts on Fiat's New Punto
. |
| Saginaw, Mich., August 18, 1999 - World's First Introduction of Electric
Power Steering in Mass Market Vehicle. Contract Strategically Important to Delphi's
European Presence. With the recent unveiling of Fiat SpA's new Punto at their 100-year
anniversary celebration, Delphi Automotive Systems E-STEER (TM) Electric Power Steering
was introduced to the world of automotive journalists amid rave reviews.
. |

Fiat Punto
Photo: Fiat |
| Fiat's best-selling, high-volume, Punto, which arrives this
fall as a 2000 model, contains Delphi's E-STEER(TM) as standard equipment.Referred to by
Fiat as "Dualdrive", E-STEER(TM) steering effort is correlated to car speed,
steering torque and steering position. Delphi's advanced algorithms (mathematical
formulas) turn these vehicle inputs into world-class steering feel. A special feature for
Fiat is a driver-select switch on the dashboard. This switch allows the driver to select
the steering feel most suited for the current driving conditions (city or highway). Delphi's
E-STEER(TM) eliminates the traditional system's power steering pump, hoses, hydraulic
fluid, and drive belt and pulley on the engine -- offering packaging flexibility and
significantly reducing the amount of energy drawn from the engine -- improving fuel
economy, acceleration, and dependability. Unlike traditional hydraulic systems, it
enhances driver peace of mind by providing power steering even with the engine off.
On the environmental front, a system without any fluids means no leaks -- so warranty
costs can be significantly reduced. Additionally, all of the materials needed for the
pump, reservoir, belts, hoses and fluid won't need to be manufactured, disposed of, or
recycled, making E-STEER(TM) more environmentally friendly.
|
Visteon
Drives the Information Superhighway To Partner with Leading International Suppliers
. |
| Dearborn, Mich.
August; 19, 1999 - As part of its comprehensive electronic commerce strategy, Visteon
Automotive Systems will conduct its first on-line bidding activity today to competitively
award nearly $150 million in circuit board business to suppliers. This innovative
bidding process allows the organization to efficiently tap the capabilities of the very
best global suppliers. It also allows Visteon to realign its purchasing operations to take
advantage of the process improvements and cost savings associated with such leading-edge
approaches. Pre-qualified suppliers have been invited to bid on-line to provide Visteon
with the latest printed wiring circuit board technology. The hour- and-a-half long event
is the first of many Visteon expects to conduct to on-line source a variety of
commodities.
. |

Roger Saillant, VP and General Manager, Visteon Interor Systems
Division
Photo: Visteon |
| "Visteon
is committed to technologies and processes that will help it leverage the most advanced
global automotive resources for its customers," said Alex Preston, vice president,
supply and process leadership, Visteon. "Our use of the Internet and our entire
electronic commerce strategy will allow us to develop strong, reliable partnerships with
the very best suppliers in the world. Those partnerships will enable Visteon to remain on
the leading edge of product development, systems integration and customer service." Internet
retailing has already achieved widespread acceptance with millions of on-line consumers.
Visteon's investigation into the opportunities associated with Internet bidding began in
January when managers began exploring how purchasing operations could more fully benefit
from the information superhighway. Within a matter of months, Visteon designed and
implemented an electronic procurement system that would accommodate real-time, on-line
bidding from around the world.
Suppliers can access the bidding site via a standard Web browser and a password. Once
they are on-line, they will be able to view the prices being bid for a particular
commodity. They will not see the names of the other organizations involved in the on-line
bidding. They will be able to submit new bids throughout the event in the strictest
confidentiality. Unlike target pricing, where a customer typically sets a target price for
a commodity, suppliers bidding in today's event will help set a real market price for the
technologies and commodities being sourced. But market price is not the only determining
factor in a sourcing decision, Marslender stresses.
Suppliers who are participating in the on-line bidding process were required to attend
a half-day session to learn what Visteon expects of all suppliers. After the bidding is
over, the suppliers who are sourced will be audited, Marslender added.On-line bidding is
just one way Visteon will source commodities in the future. Other venues, such as early
sourcing target agreements, open auctions, on-line requests for quotes and design
contests, will also be employed as part of Visteon's overall electronic procurement
strategy.
|
American
Axle & Manufacturing Announces New Rear Axle Business With DaimlerChrysler
. |
| Detroit,
August 19, 1999 - American Axle & Manufacturing, Inc. announced today that it has been
awarded a new contract to supply a new generation of rear axles to DaimlerChrysler for a
six-ton Mercedes transporter van for model year 2001. This major European automotive
contract represents American Axle & Manufacturing's (AAM's) first major tier-one
contract with DaimlerChrysler. The axles will be shipped to DaimlerChrysler at a German
facility. They will be shipped from the Glasgow, Scotland facility of Albion Automotive,
AAM's United Kingdom-based driveline subsidiary. Axle production will begin in June 2000.
Details of the sales contract were not disclosed.
American Axle & Manufacturing currently manufactures various forgings used on
DaimlerChrysler vehicles in North America. David C. Dauch, vice president, Sales,
Marketing & Capacity Planning, explained that the transporter van axle is the first
new axle program for Albion Automotive since AAM acquired Albion in October 1998.
Within the last 10 months, AAM has diversified its customer base significantly, through
acquisitions as well as conquest business and the aggressive pursuit of contracts with new
customers. It has also expanded globally -- from five manufacturing facilities, a
Technical Center, and an Asia Pacific Business Office just 10 months ago to 19 locations,
including 16 manufacturing facilities, around the world today. |
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