Chrysler 2005 Annual Report Download - page 69

68 Reporton Operations Magneti Marelli
01 Report on Operations
Electronic Systems
Total revenues for 2005 amounted to 513 million euros, against
476 million euros in the previous year. On a comparable exchange
rate basis, this was a 6.2% increase.
Fiat and PSA continued to be the Electronic Systems business
unit’s largest customers, while there was an increase in sales to the
Volkswagen-Audi Group. In the course of the year, orders reflected
the unit’s globe-spanning reach: in the Mercosur, Fiasa placed orders
for instrument panels, and in Europe, IP orders were received for
the Alfa 159, the new 500 and the new Stilo, while Iveco ordered
navigation products. In China, orders were booked byPSA and
Volkswagen for the instrument panels installed on their new
passenger carsproduced in that country, as well as by the local
maker Chery.
In September 2005, the unit penned an agreement with Autoliv, a
leading Swedish manufacturer of automotive safety systems. Under
the terms of the agreement, the two groups will cooperate in
developing, producing and marketing electronic systems.
Exhaust Systems
Revenues for 2005 were 404 million euros, a 4.5% increase over the
365 million euros recorded in 2004 on a comparable exchange basis.
In Europe, major new orders were acquired in the course of the
year for new models or applications with DPF (diesel particulate
filters) for Opel, Mitsubishi and Mercedes. In addition, the business
unit received its first order from Volkswagen, together with orders
for systems installed on new versions of Nissan vehicles.
In the Mercosur, orders were received for the exhaust system on
the new Fiasa model and on Volkswagen and Ford vans and light
trucks. In China, an order was received for the new applications
with the 1.7 Nanjing-Fiat engine.
Motorsport
Magneti Marelli participates in the major motorsport championships
as a technical partner. In 2005, it supplied electronic control
systems, fuel system and electromechanical components, and
telemetryand data acquisition systems to the leading Formula 1
teams. In addition to Formula 1, Magneti Marelli is also active in
other championships.
It participates in the World RallyChampionship, supplying electronic
control systems to a number of teams, and in the Moto GP1
championship, where it provided fuel injection and electronics
systems to Yamaha - 2005’s winner - as well as to Ducati and
Kawasaki. Magneti Marelli also helped bring Maserati to victory
in the FIA GT1 championship.