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Share Name | Share Symbol | Market | Type |
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Delphi Technologies PLC | NYSE:DLPH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 17.02 | 0 | 01:00:00 |
LONDON, July 29, 2020 /PRNewswire/ -- Delphi Technologies PLC (NYSE: DLPH) continues to demonstrate its leadership in advanced fuel injection technologies as it secures new business, while expanding its current business with several global original equipment manufacturers (OEMs). The wins encompass applications ranging from luxury passenger cars to heavy-duty commercial vehicles, reinforcing the continuing demand by OEMs for greener, cleaner combustion technologies. The new business is scheduled to launch in the 2022-23 timeframe.
"This news follows our recent announcement of new business wins in China, underpinning global recognition from OEMs for our relentless pioneering spirit," says Richard F. Dauch, CEO, Delphi Technologies. "This new business and extended contracts for fuel injection system products emphasize that advanced, conventional engine technologies remain critical elements in our customers' future propulsion strategies, while the market continues its journey to electrification."
According to IHS Markit, by 2030, 80% of all vehicles will still have some form of combustion engine. This means that OEMs will need to hit emission and CO2 reduction targets without major and time-consuming modifications. They are looking for technologies that will help to achieve those targets and can be incorporated onto current engine designs. An example is Delphi Technologies' 500+ bar gasoline direct injection (GDi) technology, which can be easily integrated into existing engine platforms, while delivering significant reductions in particulate emissions and improved fuel economy. Additionally, Delphi Technologies' F3 common rail system with DFI 21 injectors delivers class-leading emissions performance in a smaller, more durable package for medium- and heavy-duty engine applications.
"Our knowledge of propulsion systems, deep expertise in the automotive industry, and problem-solving mindset make us a trusted partner to our customers," says Kerem Erman, senior vice president and general manager, Fuel Injection Systems. "Our team is full of tenacious individuals focused on meeting and exceeding our customers' expectations for innovative, competitive, quality products."
Delphi Technologies' wide range of high-quality propulsion technologies are used by OEMs all over the globe to ensure vehicles now and in the future are driving cleaner, better and further than ever before.
About Delphi Technologies
Delphi Technologies is a global provider of propulsion technologies that make vehicles drive cleaner, better and further. It offers pioneering solutions for internal combustion engine, hybrid and electric passenger cars and commercial vehicles. Delphi Technologies builds on its Original Equipment expertise to provide leading service solutions for the aftermarket. Headquartered in London (UK), the company operates technical centers, manufacturing sites, customer support service centers in 24 countries and employs more than 21,000 people around the world. Visit www.delphi.com to learn more.
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SOURCE Delphi Technologies PLC
Copyright 2020 PR Newswire
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