Delco Remy Unit Receives Automotive Industries' Award
10 August 1999
Delco Remy International Unit Receives Automotive Industries' Quest for Excellence AwardANDERSON, Ind., Aug. 9 -- Delco Remy America, a subsidiary of Delco Remy International , has been named by Automotive Industries magazine as "Best of the Best" in the Electrical Systems category in the magazine's "2nd Annual Quest for Excellence." DRA President Richard L. Stanley stated, "We are pleased with the positive response from our customers. This validates that our efforts to provide Best- In-Class quality, value and responsiveness are paying off." The survey asks OEM readers to judge their suppliers on how they perform in five areas: Quality: Consistently meets or exceeds the customer's standards Price: Meets or exceeds the targeted pricing requirements. Innovation: Continuously suggests innovative concepts and solutions. Delivery: Provides consistent, dependable delivery of prototypes, products, materials and services. Service: Responds quickly and effectively to customer demands. Delco Remy America was rated by its OEM suppliers as the "Best of the Best," placing second in a group of five "Best of the Best" companies in the Electrical Systems category. The recipients will receive their awards at a special dinner hosted by Automotive Industries and Price Waterhouse Coopers in August. Delco Remy International, Inc., headquartered in Anderson, Indiana (USA), 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, fuel systems, and traction control systems. The Company serves the aftermarket and original equipment manufacturer market principally in North America, as well as in Europe, Latin America and Asia Pacific. DRI can be found on the Internet at http://www.delcoremy.com Statements in this press announcement, which are not historical facts, are forward-looking statements that involve certain risks and uncertainties including, but not limited to risks associated with the uncertainty of future financial results, acquisition, additional financing requirements, development of new products and services, the effect of competitive products or pricing, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.