Automakers Award Three Contracts to CTSJuly 10, 2012
The agreements are for the production of the company’s Electronic Throttle Control accelerator pedal modules and pedal position sensors, with total revenues expected to reach approximately $25 million.
ELKHART, IN /BUSINESS WIRE/ -- CTS announced that CTS Automotive Products has been awarded three new production programs for its Electronic Throttle Control accelerator pedal modules and pedal position sensors. These programs further strengthen CTS' position with key existing customers and will increase CTS' global market share.
The first pedal module program is for one of the North American luxury models of a major Japanese vehicle manufacturer. The other program is for a European economy car platform, shared by two vehicle manufacturers, one of which is a new customer for CTS. Deliveries will begin in 2014. CTS will also supply pedal position sensors to a major Tier 1 supplier for the European vehicle market, with shipments beginning in late 2012. Total revenues from these awards are expected to reach approximately $25 million over the anticipated program lives.
For more information on CTS' accelerator pedal products, please contact Ken Kochanowski at 574-389-2749.
About CTS Automotive Products
CTS Automotive Products is a global leader in the design, test, and manufacture of automotive sensors, accelerator pedal modules, actuators, and subsystems. Recognized for its customer responsiveness and expertise in high-volume automotive packaging, CTS Automotive Products is focused on delivering value-added products and services to its expanding worldwide customer base. The company manufactures sensor and actuator products in Elkhart, IN; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros, Mexico; Kaohsiung, Taiwan; and Zhongshan, China.
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services to OEMs in the automotive, communications, medical, defense and aerospace, industrial, and computer markets. CTS manufactures products in North America, Europe, and Asia.
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