Half of the 57m cars produced around the world each year use braking and fuel-system technology from TI Automotive, according to the company. Its reach into the lives of ordinary people is further enhanced by its subsidiary Bundy Refrigeration, which is a leading maker of fluid systems for domestic refrigerators. The Oxford company had sales of £1,507m and profits of £48m last year, when it employed more than 21,000 people in 29 countries. TI is part-owned by management, led by chief executive Bill Laule, after the company was demerged from Smiths Group in 2001. Smiths Group still retains a stake of 20% but is reported to be in talks to sell it.
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