DELPHI 2012 Annual Report Download - page 9

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7
Letter to shareholders.
What’s now, what’s new,
what’s next.
2012 was an outstanding year for Delphi. We flawlessly
launched over 800 new programs for our customers
across the globe. We generated solid financial results
in a fairly challenging macro environment. We further
enhanced our position as a leading global automotive
supplier through the acquisition of MVL, a manufacturer
of automotive connectors. We expanded our presence
in the China market with the opening of three new
facilities. We were added to the S&P 500 index, a real
nod to the confidence that Delphi has generated in the
marketplace. These achievements did not come easily
and are a testament to a team that is fully committed to
pursuing excellence and maximizing shareholder value.
As we start a new year, we are keenly focused on
maintaining the outstanding operating execution and
financial discipline needed to continue to exceed our
shareholders’ and customers’ expectations.
The Automotive Industry: Accelerating Change
Over my career, I have seen the automobile industry
change dramatically. As I look to the future, I see that
change continuing at an even faster pace. It was just
six years ago when the smartphone evolved into a
virtual mobile media center. And in the last decade,
greener and cleaner efficiency standards for vehicles
accelerated globally as governments and automakers
searched for ways to better protect the environment.
Today, the demands to ensure zero accidents, the calls
for increased fuel economy and emission standards and
the seamless integration of smartphones into vehicles
have all pushed the industry towards products that are
safe, green and connected.
Delphi is all about solving our customers’ problems.
Last year, we invested $1.6 billion in engineering
research in order to keep pace with demands by
consumers, governments and our customers to
provide a safer, greener and more connected driving
experience. Our investment is paying off.
Last year, we booked $26.3 billion of new business –
$1.5 billion in the area of our active safety and MyFi
products, which provide seamless connectivity while in
your vehicle and also have the capacity to work hand-in-
hand with our active safety portfolio.
As talk continues in the industry around the
autonomous vehicles of the future, Delphi has been
a participant in the largest field test ever of vehicle-to-
vehicle and vehicle-to-infrastructure communication
in Ann Arbor, Michigan. As part of this test, the U.S.
government put 2,800 vehicles on the road for one
year to observe the effectiveness of connected vehicle
safety applications for reducing crashes. Delphi’s
advanced software and systems integration capability
is a part of that study.