TI Automotive Gets $140 Million in New Contracts

WARREN, Mich.--Feb. 1, 20042, 2004--TI Automotive, the world's leading supplier of automotive fluid storage and delivery systems, recently was awarded contracts representing more than $140 million in new brake and fuel line business from several automakers in Europe, including Fiat, Ford, Opel and Peugeot.

The work includes nearly eight million component sets over the next six years, including brake lines and fuel lines for four separate vehicle models. The parts will be sourced from several TI Automotive manufacturing plants in southern and eastern Europe.

"These multi-million-unit awards represent a continuation of our leadership position in European automobile brake and fuel line production," said Rich Kolpasky, president of TI Automotive's Global Fluid Carrying Systems Division. "Important business wins like these are an indication of strong, ongoing partnerships with our European customers."

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.