CTS awarded accelerator pedal module production programs in Chinese market

News Breaks January 18, 2012 09:05 EDT CTS theflyonthewall.com: CTS awarded accelerator pedal module production programs in Chinese market CTS announced that CTS Automotive Products has been awarded two new production programs for its Electronic Throttle Control Accelerator Pedal Modules from Japanese and Chinese vehicle manufacturers. Both awards represent new programs for vehicles sold into the growing China market, and will result in an increase in CTS' global market share. The pedal modules will be used on both a compact car and a multi-purpose vehicle. Deliveries will begin in late 2012 and will be manufactured in CTS' Zhongshan, China facility. Total revenues from these awards are expected to reach approximately $10M over the anticipated five-year lives of the programs. These programs further strengthen CTS' position with key existing customers and continue to enhance CTS' share of the rapidly growing Asian markets. :theflyonthewall.com

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Source: http://www.theflyonthewall.com/permalinks/entry.php/CTSid1560740/CTS-CTS-awarded-accelerator-pedal-module-production-programs-in-Chinese-market

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