ITT To Supply Brake Pads for the New “Giulietta” by Alfa Romeo
March 02 2010 - 4:30PM
Business Wire
ITT Corporation (NYSE: ITT) today announced that its Italy-based
Motion Technologies business has been chosen to supply the front
axle brake pads for the new “Giulietta” by Alfa Romeo, a brand of
Fiat Group Automobiles. ITT will produce approximately 300,000
brake pads per year, both for the Original Equipment Manufacturer
(OEM) and Original Equipment Service (OES) markets.
The brake pad solution proposed by ITT was developed in close
partnership with Alfa Romeo, with specific attention given to
safety performance in accordance with environmental
legislation.
“This project confirms our leadership in the European brake pad
OEM market, and demonstrates the benefit of our innovation and
customer service,” said Piero Bruno, ITT Motion Technologies vice
president, Private Transportation. “This was ITT’s first
'designed-in' brake product developed from start to finish in close
collaboration with Fiat Group Automobiles. Over the past 13 years,
ITT has supplied its brakes for other Fiat models including the
156, 147, 159, Mito and GT models."
About ITT Corporation
ITT Corporation is a high-technology engineering and
manufacturing company operating on all seven continents in three
vital markets: water and fluids management, global defense and
security, and motion and flow control. With a heritage of
innovation, ITT partners with its customers to deliver
extraordinary solutions that create more livable environments,
provide protection and safety and connect our world. Headquartered
in White Plains, N.Y., the company generated 2009 revenue of $10.9
billion. www.itt.com
ITT (NYSE:ITT)
Historical Stock Chart
From Jun 2024 to Jul 2024
ITT (NYSE:ITT)
Historical Stock Chart
From Jul 2023 to Jul 2024