TI Automotive Wins $220 Million in New Business

WARREN, Mich., Jan. 30, 2007 -- TI Automotive, a leading supplier to major automotive manufacturers and other Tier 1 suppliers, has been awarded contracts totaling $220 million in combined lifetime sales from General Motors, DaimlerChrysler and Valeo.

The contracts are for TI Automotive air-conditioning tube and hose assemblies. Production is scheduled to begin in mid-2007 through the end of the year at TI Automotive facilities in Reynosa, Mexico; Shanghai, China, and Jablonec, Czech Republic, for vehicles that will be sold in Europe, China and North America.

"These new contracts -- which include a combination of new and replacement business -- represent important steps in strengthening new and existing customer relationships in today's challenging global sales environment," said Rich Kolpasky, TI Automotive president, Fluid Carrying Systems. "They further solidify our position as the industry's leading supplier of air conditioning tube and hose assemblies."

TI Automotive is the world's leading supplier of fluid storage, transfer and delivery systems, including brake, fuel and air conditioning applications. With headquarter locations in Warren, Mich., and Oxford, England, the company employs more than 20,000 people at more than 130 facilities in 28 countries on six continents.

Further information is available on the Internet at www.tiautomotive.com.