CTS Awarded Four Automotive ContractsApril 14, 2011
Three of the production programs will provide Chinese vehicle manufacturers with accelerator pedal modules, and one will deliver transmission sensors to a North American automaker.
ELKHART, IN /BUSINESS WIRE/ -- CTS Corp. announced that CTS Automotive Products has been awarded three new production programs by Chinese vehicle manufacturers for its Electronic Throttle Control (ETC) Accelerator Pedal Modules plus a new Transmission Sensor program for a North American platform. All four awards represent new business and will result in an increase in CTS' global market share.
The pedal modules for the Chinese vehicles will be manufactured in CTS' facility in Zhongshan, China. The transmission sensors will come out of CTS' facility in Matamoros, Mexico and will be used in a new luxury all-electric vehicle. This is CTS' second business award for transmission sensors.
Shipments have already begun for some of the programs. The remaining programs will launch over the next 18 months. Revenues from these four awards are expected to reach approximately $15 million over the anticipated five-year lives of the programs.
For more information on ETC Accelerator Pedal Modules, please contact Ken Kochanowski at 574-389-2749. For information on CTS' sensors, please contact Ray Blythe, Sensors Engineering Manager, at 574-389-2890.
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 automotive and related products in Elkhart, IN; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros, Mexico; Kaohsiung, Taiwan; and Zhongshan, China.
CTS Corp. 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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