LucasVarity Supplies Brakes and Components to New Honda Minivan
6 October 1998
LucasVarity Supplies Brake System and Components to New Honda MinivanLONDON, Oct. 6 -- LucasVarity plc (London: LVA, NYSE: LVA) announced today that its Automotive Division is producing a brake actuation system, rear drum brakes and front callipers for Honda's 1999 minivan, the Odyssey. Victor Rice, Chief Executive Officer, said, "This is our first North American contract with Honda and one of our first applications in North America of our actuation system. We are pleased to be an important part of this exciting new vehicle, and to be engaged as a brake systems supplier to one of the world's most successful automotive companies." LucasVarity will produce brake actuation and rear drum components at its plant in Cincinnati, Ohio, and front callipers at its Lucas-Sumitomo joint venture in Lebanon, Ohio. Honda will assemble the Odyssey at its new plant in Alliston, Ontario, and expects annual sales of 75,000 minivans in North America in 1999. John Plant, President of LucasVarity Automotive, said, "Following our other significant brake contract awards over the past 12 months -- with GM, Ford, Chrysler, Mercedes and Volkswagen -- this supply agreement again attests to our technological capabilities and our commitment to customer service. We are delighted to have the opportunity to demonstrate our ability to perform at the very high level that Honda demands of its supply base." LucasVarity plc designs, manufactures and supplies advanced technology systems, products, and services in the world's automotive and aerospace industries.