Document npoJpJzBOGZ89Za112dKLvn8

,,m \ I clin ic businesses per/urmcd ven will nt /W.i. Wlial iIn van <'/'<''in 1994' Mi,.ihvi good >c;ir in North America with omlimial strength in sales of he;ivy-du(y tnicks. passenger cats. light bucks and vans. We ll also see stronger construction and agri cultural markets. We're not looking for much improvement in medium truck-sales, which have been lackluster throughout the recovery. I.(Hiking at the overall picture, however, we think 1994 will he a strong year. You mentioned strong heavy truck stiles. How (Hit I W.I continue on it hisloricnl basis' North American factory sales of 188,000 units in 1993 were the second highest ever, exceeded only by 1979 s 212.000. The good news for 1994 is that truck manufacturers at year end had a backlog of nearly 100.000 trucks that had been ordered and were awaiting shipment. Q. Besides the rosy outlook for trucks in North America, what's the world i/fu ' Wc re quite optimistic. We expect Europe lit begin a slow teem cry front the recession hv the cud til 1994. and we re prepared to meet f< iHttimmi III Irft t tiluotn. .V . I How would you characterize the Controls business performance in 1993? Very much improved over 1992. Many of the actions and programs we undertook in 1992 resulted in real improvement in 1993. Our commercial, appliance and industrial control and power distribution businesses made a solid recovery following the earlier strengthening of our automotive controls business. The market for semiconductor equipment far exceeded our expectations and was a very pleasant surprise. 0 The acquisition of Westinghouse Electric s Distribution and Control Business Unit was certainh the big news in 1993. What does the purchase accomplish ? It makes us one of the leaders in the indus trial control and power distribution markets Cutler-Hammer s traditional strength has been industrial control while DCBU's strength has been power distribution. The combination, which wc plan to advertise as The New Culler-Hammer, makes us a power ful competitor. We re delighted with thi- i, t'Htnmctl iif! i mitt i tifimtn. ptmv X . 1 top: Eaton utilizes its Freedom Series starters and contactors to develop iitstomized control panels for motors and ' * .... . -------------i rmtinr valves lor the new hard T