TI Automotive Wins $1.2 Billion in New Business

WARREN, Mich., Jan. 13, 2004 -- TI Automotive, the world's leading supplier of automotive fluid storage and delivery systems, recently won contracts in its fuel systems division valued at more than $1.2 billion from automotive manufacturers in Europe, Asia and North America.

Beginning with 2006-model-year production, the fourth-quarter contract awards include complete fuel systems and subsystems for a range of products, including luxury sedans and sport-utility vehicles. The contracts cover both diesel- and gasoline-powered vehicles which meet stringent LEVII and PZEV requirements. Combined, the contracts involve more than 800,000 units annually.

"Several of these new-business wins include products from our recently acquired TI Pierburg pump division, as well as leading-edge tank-system solutions," noted Brian Lindsay, managing director of sales and purchasing for the company's Global Fuel Systems Division.

Fuel-system components called for under the new contracts will be produced at various TI Automotive plants around the world.

TI Automotive is the world's leading supplier of fluid storage, transfer and delivery systems including brake, fuel and air conditioning applications. Based in Warren, MI, the company employs over 20,000 people at more than 130 facilities in 29 countries on six continents. Further information about TI Automotive is available on the company's website at www.tiautomotive.com .