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KELSEY-HAYES GAINS MAJOR ABS CONTRACT IN NORTH AMERICA

 KELSEY-HAYES GAINS MAJOR ABS CONTRACT IN NORTH AMERICA
 ROMULUS, Mich., Sept. 22 /PRNewswire/ -- Kelsey-Hayes Group has


signed a contract with a major North American automaker to supply its latest generation anti-lock brake system (ABS) for a major segment of the manufacturer's requirements starting in the 1996 model year. According to the contract, valued at over $75 million annually, Kelsey- Hayes will supply the automaker ABS units from its EBC(TM) 10 family of products.
 Jim Cote, vice president of sales and marketing for Worldwide ABS and Controls, said the contract adds to the list of contracts for platforms already received in North America for the company's new EBC 10 family of ABS and follows the recent announcements of two major ABS contracts awarded in Europe that are valued at over $110 million annually.
 The EBC 10 family of ABS consists of innovative new four-wheel anti- lock braking systems which are significantly smaller and more cost- effective than other systems currently available. They are compatible with virtually any passenger car or light truck, and work with any front-, rear- or all-wheel-drive vehicle.
 Kelsey-Hayes is a major supplier of conventional brakes, anti-lock brake systems, electrical control devices and steel and aluminum wheels to the automotive industry worldwide. Kelsey-Hayes is a business of Varity Corporation (NYSE: VAT).
 -0- 9/22/92
 /CONTACT: Jill Lucius, 313-567-5022, or Tony Petrucci, 313-567-5007, both of Anthony M. Franco, Inc., for Kelsey-Hayes/
 (VAT) CO: Kelsey-Hayes Group ST: Michigan IN: AUT SU: CON


SB -- DE016 -- 2147 09/22/92 11:47 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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