Posted by: cksla
In reply to: None Date: 9/5/2001 11:22:02 AM
Post # of 10319
OT-Delphi Automotive Systems' Mobile MultiMedia Business Continues Rapid Expansion
Delphi predicts growth of its MobileMedia business unit (9/4/2001)
Delphi(hardware for OnStar )Automotive Systems' (NYSE: DPH) Mobile MultiMedia business unit is now working with nine vehicle manufacturers, including Toyota, Honda, GM (including supplying hardware for the successful multi-brand OnStar system) and Subaru, as well as commercial vehicle customers. Growth is expected to continue annually (sales in 2000 were $322 million USD) in a market that UBS Warburg expects to be worth around $50 billion USD in 2010.
"Our strategy is to maintain Delphi's position as the world's leading provider of wireless and Mobile MultiMedia technologies," says Dr. Robert Schumacher, director of Delphi's Mobile MultiMedia business unit. "We are launching 18 new products in 2001-2002. It's a very exciting time with lots of opportunities."
In the U.S., Delphi has demonstrated innovative technologies such as the 802.11 wireless network and MP3 playback. Delphi has introduced the following products, technologies and initiatives in 2001: Communiport(R) Mobile Productivity Centre; telematics modules for Honda and Toyota Link; DVD Rear- Seat Entertainment System for factory installed and portable applications; Communiport(R) Integrated Navigation System Radio; Dedicated Short Range transponder, Satellite Digital Audio Radio receivers (SDARS), digital cellular phone integration unit, and a partnership in MobileAria, a wireless content company.
According to several studies, "consumers are spending more time in their vehicles and are seeking technologies that will help make that time more productive," Schumacher said. "Delphi is at the forefront in meeting that demand and we're evaluating trends so we'll be ready to satisfy demand for other solutions in the future
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