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Delphi Automotive Acquires Moroccan Shock Absorber Producer

30 July 1997

Delphi Automotive Acquires Moroccan Shock Absorber Producer

    CASABLANCA, Morocco, July 30 -- Delphi Automotive Systems
today announced an agreement to purchase controlling interest in Sodex, a
Moroccan producer of aftermarket shock absorbers.  Delphi Automotive's Delphi
Chassis Systems division negotiated the agreement and will manage the
operation.  Terms of the agreement were not disclosed.
    "This acquisition, together with our recent purchase of Fabryka
Amortyzatorow S.A in Poland (1996 sales: $53 million), will help us increase
our presence in the global suspension component business, particularly in
Europe," said Delphi Chassis General Manager Alan S. Dawes.  "Sodex is a well
managed company with a high quality, lean, flexible manufacturing operation."
    Delphi Automotive Systems President J. T. Battenberg III said, "Sodex is
Delphi's first acquisition in North Africa and our tenth new operation outside
of North America in the past year.  It provides us with another opportunity to
profitably expand outside of our traditional GM North American customer base.
Delphi is committed not only to following our customers wherever they might go
in the world, but whenever possible, to being there when they arrive."
    Sodex occupies a 4,000 square meter facility in Casablanca with a
workforce of about 100 people.  The privately-held company has operated since
1985 under a licensing agreement with Delphi Chassis' French affiliate de
Carbon S.A.  Their principal customers are de Carbon and Maghreb Accessoires,
a Moroccan automotive aftermarket parts distributor.  Total sales for 1996
were approximately US$3.5 million.
    Delphi Automotive Systems, with headquarters in Pontiac, Mich., USA, is
the world's largest and most diversified supplier of automotive components and
systems.  Delphi operates 191 manufacturing facilities, more than 45 ventures
and 17 technical centers in 36 countries.  Regional headquarters are located
in Paris, Tokyo and Sao Paulo.  Delphi can now be found on the Internet at
 http://www.delphiauto.com.

SOURCE  Delphi Chassis Systems