Printer Friendly

KELSEY-HAYES AWARDED BRAKE SYSTEMS ENGINEERING CONTRACT

 ROMULUS, Mich., Dec. 8 /PRNewswire/ -- Kelsey-Hayes Group has been awarded an Engineering System Service contract for the development of Ford Motor Company's 1997 Utility & Pick Up brake systems. This contract is in collaboration with Ford Light Truck Engineering for the development, design and release of the entire vehicle brake system.
 This contract expands Kelsey-Hayes' involvement from a major component supplier of conventional foundation brakes and anti-lock braking systems to the development and design of an entire vehicle brake system. Kelsey-Hayes will co-locate key engineering personnel at Ford Engineering for the joint development and design activity.
 This contract has also allowed Kelsey-Hayes the opportunity to mainstream its products at an earlier stage in the vehicle development timing. This will provide Ford Motor Company (NYSE: F) and Kelsey-Hayes Company an opportunity to focus on product and manufacturing feasibilities in a simultaneous fashion.
 The Kelsey-Hayes Group is a major supplier of conventional brakes, anti-lock brake systems and electrical control devices to the automotive industry worldwide. Hayes Wheels International (NYSE: HAY), the world's largest manufacturer of steel and aluminum wheels, is an affiliate of Kelsey-Hayes. Kelsey-Hayes is a business of Varity Corporation (NYSE: VAT).
 -0- 12/8/93
 /CONTACT: Jill Lucius, 313-567-5022, or Tony Petrucci, 313-567-5007, both of Anthony M. Franco, Inc., for Kelsey-Hayes/
 (F HAY VAT)


CO: Kelsey-Hayes Group; Ford Motor Company ST: Michigan IN: AUT SU: CON

SB -- DE011 -- 1680 12/08/93 10:25 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:Dec 8, 1993
Words:234
Previous Article:NASD IMPOSES FINES, RESTITUTION OF $2.4 MILLION-PLUS AGAINST CHATFIELD DEAN & CO., INC.
Next Article:CENTRAL HOLDING COMPANY'S WHOLLY OWNED SUBSIDIARY EXECUTES AGREEMENT TO SELL ITS MAIN OFFICE BUILDING
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters