Delphi Corp. Awarded New Safety Restraint Business.

Delphi Corp. received a $160-million contract to provide safety restraints systems to a "major" North American automaker, starting with the client's luxury models in 2005. Delphi didn't name the customer, but said the client wasn't its former parent, General Motors Corp.

Delphi's non-GM business accounted for 36 percent of the $27.43 billion in revenue generated for 2002. Delphi said it agreed to supply driver and passenger airbags, steering wheels and seat belts under the new contract.