Printer Friendly

KELSEY-HAYES TO MANUFACTURE BRAKE COMPONENTS FOR CHRYSLER PL

 DETROIT, March 1 /PRNewswire/ -- Kelsey-Hayes Group will manufacture front calipers, rear calipers and rear drums for the 1994-1/2 model year PL, a new compact car series from Chrysler Corporation (NYSE: C), according to Jim Pruneski, group president, Light Duty Brakes and Components. The announcement was made today at the Society of Automotive Engineers (SAE) International Congress & Exposition in Detroit.
 According to the terms of the agreement, valued at $18 million to $20 million annually, Kelsey-Hayes will supply 100 percent of the front and rear calipers for PLs equipped with front and rear disc brakes. Kelsey-Hayes will also supply 100 percent of the rear drums for PL versions equipped with rear drum brakes. Kelsey-Hayes will begin shipping brake components to Chrysler in November 1993.
 "The PL agreement underscores Chrysler's confidence in Kelsey-Hayes foundation brake products," Pruneski said. "In addition to the PL, Kelsey-Hayes supplies light duty brakes and components for the Chrysler LH series, the Dodge Viper, the Jeep Grand Cherokee and several other top-of-the-line Chrysler products."
 The Kelsey-Hayes Light Duty Brakes and Components Group is one of the world's leading independent manufacturers of foundation brake products and systems, including integrated corner module assemblies, calipers, rotors, drums and knuckles.
 Kelsey-Hayes is a major supplier of conventional brakes, anti-lock brake systems and electrical control devices to the automotive industry worldwide. Kelsey-Hayes is a business of Varity Corporation (NYSE: VAT).
 -0- 3/1/93
 /CONTACT: Jill Lucius, 313-567-5022, or Tony Petrucci, 313-567-5007, both of Anthony M. Franco, Inc., for Kelsey-Hayes/
 (VAT C)


CO: Kelsey-Hayes; Chrysler Corporation ST: Michigan IN: AUT SU: CON

ML -- DE008 -- 1492 03/01/93 14:05 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 1, 1993
Words:269
Previous Article:KELSEY-HAYES GROUP TO SUPPLY FOUNDATION BRAKE COMPONENTS TO SOUTH KOREAN AUTO MANUFACTURER
Next Article:HAYES WHEELS TO BEGIN EXPORTING CAST ALUMINUM WHEELS TO NISSAN
Topics:


Related Articles
KELSEY-HAYES FORMS VENTURE WITH TOPY TO MANUFACTURE AND MARKET ABS IN JAPAN
KELSEY-HAYES TO DOMINATE FOUR-WHEEL ABS MARKET IN 1996, ACCORDING TO NORTH AMERICAN ABS MARKET REPORT
VARITY'S NET LOSS AT $178 MILLION IN 1991 AFTER $108 MILLION CHARGE FOR MAJOR RESTRUCTURING ACTIONS
VARITY CORPORATION'S PERKINS UNIT RECEIVES DIESEL ENGINE CONTRACT FROM CHRYSLER
HAYES WHEELS INTERNATIONAL ELECTS RODEWIG AND WAY TO BOARD OF DIRECTORS
KELSEY-HAYES POSTS GAINS IN LIGHT DUTY BRAKES SALES
FORD AWARDS HAYES WHEELS FABRICATED ALUMINUM WHEEL CONTRACTS
VARITY CORPORATION RELEASE - FORD
VARITY NAMES CHIEF OPERATING OFFICERIN A SERIES OF SENIOR MANAGEMENT APPOINTMENTS
VARITY PROPOSES TO ACQUIRE BALANCE OF EQUITY IN HAYES WHEELS INTERNATIONAL, INC.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters