Siemens cancels SAE exhibit

DETROIT - Siemens Automotive Corp. will not have a booth in the exposition at the 2002 SAE World Congress, the supplier decided this week, making it the latest Tier 1 supplier to pull out from the event.

Financial considerations led to the decision by the company's board of management in Germany not to display at the show in 2002, a spokesman said.

Competitor Robert Bosch Corp. said in October that it would not have a display at the 2002 SAE event. Many large Tier 1 suppliers, including Delphi Automotive Systems Corp. and Visteon Corp., pulled out prior to the 2001 SAE World Congress, citing a need to cut costs.

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