Delco Remy America Signs Multi-Year Contract with General Motors
12 May 1999
Delco Remy America Signs Multi-Year Contract with General MotorsANDERSON, Ind., May 11 -- Delco Remy International, Inc. has announced that its OEM subsidiary Delco Remy America (DRA) has signed a multi-year agreement with General Motors Corporation to supply starting motors. This agreement expands DRA's original 1994 agreement with GM to include supplying starting motors for new engines introduced to support General Motors North American Operations through 2008. DRA and its international operations will be the supplier of starting motors for those engines for the life of production. The agreement also includes supplying motors for the new 4-cylinder L850 engine which will be utilized in several countries by General Motors. Delco Remy America is a wholly owned subsidiary of Delco Remy International, Inc. Delco Remy International, Inc. became a public company with an initial public offering of stock in December 1997. The company designs, manufactures, remanufactures and distributes electrical, powertrain/drivetrain and related components for automobiles and light trucks, medium and heavy-duty trucks and other heavy-duty off-road vehicles. Products include starter motors, alternators, engines, transmissions, torque converters, traction control systems and fuel systems for both the original equipment and the aftermarket. Approximately 25% of DRI's sales are to GM as original equipment.