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ITT AUTOMOTIVE BRAKE SYSTEMS AND COMPONENTS REACH $1 BILLION SALES MARK FOR ABS AND TRACTION CONTROL

 AUBURN HILLS, Mich., Jan. 3 /PRNewswire/ -- ITT Automotive, the leading global supplier of four-wheel anti-lock brake systems (ABS), has exceeded the $1-billion-sold mark for its Anti-Lock Brake and Traction Control Systems for 1993, according to Timothy D. Leuliette, president and chief executive officer, ITT Automotive. The $1-billion mark is the first time sales for an individual ITT Automotive product group have reached such levels.
 In addition, the $1-billion level places ITT Automotive ABS and traction-control systems in position to continue on its record-breaking pace for a $7.5 billion order book through 1998.
 "Reaching this sales level means more than just solid growth," Leuliette said. "It means ITT Automotive is building upon its leadership in the global four-wheel anti-lock brake market and that our customers are confident in our systems and components, particularly the ITT Automotive Teves MK20."
 The ITT Automotive Teves MK20, based on the company's MKIV-Gi ABS technology, is one of the lightest, most compact and cost-effective ABS units in the industry, featuring a modular concept for the highest level of component standardization. Its efficient "World ABS" design enables ITT Automotive to meet market requirements throughout the world, including North and South America, Europe and the Pacific Rim.
 ITT Automotive has formal contracts and/or letters of commitment from BMW, Chrysler, Ferrari, Ford North America and Europe, General Motors North America and Europe, Honda, Jaguar, KIA, Mercedes-Benz, Mitsubishi, Peugot, Renault, SAAB, Volkswagen and Volvo for ITT Automotive Teves ABS and traction-control systems.
 ITT Automotive, headquartered in Auburn Hills, is a $3.5 billion global supplier to the automotive industry that comprises eight product groups. They are Brake Systems, including ITT Automotive Teves anti- lock brakes, traction-control and total brake systems; Wiper Systems, including ITT Automotive SWF wipers, arms, blades and total wiper systems; Fluid Handling Systems; Precision Die Castings; Structural Components; Switches and Lamps; Electric Motors; and Aftermarket Products, including Koni shock absorbers and Aimco brake components.
 ITT Corporation (NYSE: ITT) is a diversified, global enterprise made up of four major business groups: ITT Business and Financial Services, ITT Manufacturing, ITT Rayonier and ITT Sheraton. The company had 1992 sales of $21.7 billion and employs some 106,000 in 63 countries around the world.
 -0- 1/3/94
 /CONTACT: Val Brown of ITT Automotive, 313-340-3680/
 (ITT)


CO: ITT Automotive; ITT Corporation ST: Michigan IN: AUT SU:

TO -- DE019 -- 8592 01/03/94 15:34 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:398
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