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Delphi makes more cuts

DETROIT - Delphi Automotive Systems Corp. will cut 1,400 salaried jobs in addition to the 11,500 job cuts it announced last March.

The Troy, Mich., supplier also announced Monday, Dec. 10, that it is in negotiations to sell its generator business to Delco Remy International Inc., is auctioning off some or all of its vehicle instruments business, and is working to slash costs and find partnerships for its thermal systems business.

These actions are a result of Delphi's projection for vehicle sales to fall in 2002 because of the economy and the expectation that 0 percent finance incentives will end.

Delphi also will close temporarily or permanently the equivalent of one of its North American battery manufacturing plants by the end of the third quarter next year, and consolidate its Western European operations.



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