Contracts

Business secured with customers from 2009 through 2012:

Business line
Thermal Automotive	10　customers
Electronic Controls	11 customers
Infortainment & Driver Interface	13 customers
Electrical/Electronic Distribution	12 customers
Connection Systems	11 customers
Gas Engine Management	12 customers
Diesel Engine Management	9 customers

 

Divestitures in 2009

The Company divested several assets and businesses in line with the reorganization process.

Airbag business in Europe
The Company sold the largest part of its European airbag activitiesto iSi Automotive GmbH of Austria. The Company develops and manufactures gas tanks and generators for use in airbags and other safety-related applications. The divestiture includes the Company's design, test and engineering centre in Berlin, Germany. (From a press release on Sep. 14, 2009)

Ride Dynamics and Brakes business in China
The Company and the Beijing West Industries Group (BWI), a Chinese auto parts supplier, announced completion of BWI's purchase of the Company's Ride Dynamics and Brakes business units, which supply automotive chassis products including suspension and brake systems and electronic control units. The Ride Dynamics and Brakes business has the largest market share in Europe, U.S. and Asia. (From an article in the Nikkan Jidosha Shimbun on Nov. 5, 2009)

Business transfer to Autoliv, Inc.
(1) Autoliv will acquire North American passive safety systems assetsfrom Delphi. Delphi's North American airbag and seatbelt assets will be consolidated into existing Autoliv facilities during the next several months. Under the agreement, Autoliv will acquire Delphi's steering wheel operations in Matamoros, Mexico. Existing customers for these safety products businesses include General Motors, Hyundai, Ford, Daimler and Navistar with expected combined sales of approximately 125 million USD in 2010. The transaction is expected to close by December 31, 2009. (From a press release on November 17, 2009)

(2)　Autoliv will acquire assets of Delphi's

European airbag and steering wheel operations. The transition to Autoliv facilities will take place during the next several months. (From a press release on December 7, 2009)

R&D Expenditure

(in billion USD)	FY2009	FY2008	FY2007	FY2006
Amount	N.A.	1.9	2.0	2.0

The Company expects expenditures for research and development activities to be approximately $1.5 billion in 2009. (as of Dec. 2008)

R&D Structure

-As of Dec. 2008, the Company employed approximately 16,500 engineers, scientists and technicians around the world, including 12,000 at the Company's technical centers and customer centers, with over one-third focused on electronic and high technology products, including software algorithm development.

Latest Product Development

Cutting CO2 emissions at low cost
The Company announced it has developed a new technology to cut CO2 emissions at low cost based on existing internal combustion engines. The Company is set to propose this technology to automakers that are coping with reduction of exhaust gases with a spray-guided direct injection system or an electrically phase controlled camshaft for gasoline engines with the aim of winning the new business. It has developed a new lean-burn stratified burning system for direct fuel injection gasoline engines. Also as an ignition system for combustion in stratified mode, the Company proposes the "Multi-Charge Ignition" system, which assures fast spark events by placing an ignition coil for each cylinder and also improves emissions performance at the cold start. The Company expects these technological applications will improve efficiency in operation of a direct injection lean-burn engine by up to 20 percent. (From an article in the Nikkan Jidosha Shimbun on Oct. 3, 2009)

 

Joint Development Project

- In December 2009, Federal, state and local leaders and the Company jointly announced the plans to implement an $89.3 million award from the Department of Energy (DOE) that will support expansion of its Power Electronics engineering capabilities as well as the establishment of a new manufacturing operation in Kokomo. The award, through the American Recovery and Reinvestment Act of 2009. With an $89.3 million match by the Company, this action will represent a three-year investment of up to $178.6 million to advance the development of low-cost manufacturing of electric drive vehicles (EDV) in the United States. (From a press release on December 18, 2009)

Capital Expenditure

	Successor	Predecessor
(in million USD)	Period from August 19 to December 31, 2009	Period from January 1 to October 6, 2009	Year Ended December 31, 2008	Year Ended December 31, 2007
Total capital expenditures	88	257	455	98