Delphi Invests $240 Million in Delco Electronics
Delphi Corp. (Troy, MI) announced that it would invest more than $243.5 million during the next three years in electronics product lines within its Delco Electronics (Kokomo, IN) subsidiary. The funding follows a corporate strategy of targeting capital investment in sophisticated electronic products as the company continues its shift away from mechanical components and lower margin products.
Delphi is investing $38.7 million in its Recognition™ Passive Occupant Detection Systems and $110.5 million in next-generation engine control modules. The company is allocating $80.5 million to its integrated circuits fabrication facility and pressure sensors. In addition, Delphi will spend $14.0 million on engineering equipment.