Delphi CorpDelphi Q1 profit drops as sales fall in Europe, N.A.May 2, 2013 06:01 CET  Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »
Delphi Q1 profit drops as sales fall in Europe, N.A. 10:10 am U.S. ET | May 1, 2013  Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »
Casting and machining suppliers merged to create Chassix 4:57 pm U.S. ET | April 30, 2013  Platinum Equity, a California private equity firm controlled by Detroit Pistons owner Tom Gores, said it has merged two of its Michigan automotive suppliers. Diversified Machine and SMW Automotive, both under the Platinum Equity portfolio, are now Chassix.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report saysApril 23, 2013 19:00 CET Delphi Automotive and Continental both bid for Johnson Controls' automotive electronics unit, Bloomberg sources said. The supplier is considering the sale to free up cash and focus on more profitable divisions, such as car seats.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report says 1:00 pm U.S. ET | April 23, 2013 Delphi Automotive and Continental AG both bid for Johnson Controls' automotive electronics unit, people familiar with the matter told Bloomberg. Johnson Controls received first-round bids this month and is now setting up meetings with suitors such as Delphi and Continental, the report said.... Read More »
Nexteer planning $500 million stock offering in Hong Kong, report says 4:12 pm U.S. ET | March 11, 2013 Nexteer Automotive, the one-time GM and Delphi steering operation controlled by China’s biggest aerospace company, may seek as much as $500 million in an initial public offering in Hong Kong, two people with knowledge of the matter told Bloomberg.... Read More »
Delphi initiates dividend to show confidence in business 8:19 am U.S. ET | Feb. 26, 2013  Delphi Automotive, the former parts unit of General Motors, initiated a dividend, its first since returning to the public markets after bankruptcy.... Read More »
Delphi posts lower Q4 results, but expects improved 2013 results 1:07 pm U.S. ET | Feb. 5, 2013  Parts supplier Delphi Automotive posted lower quarterly earnings and revenue in the fourth quarter, citing weakness in its European business, but forecast an increase in 2013 results.... Read More »
Delphi weighs 'bolt-on' acquisitions against dividend 6:08 pm U.S. ET | Jan. 23, 2013  Delphi Automotive said it is considering “bolt-on” acquisitions as well as a potential dividend, as it weighs priorities for its cash. Delphi has accomplished three of its four priorities deploying cash: share buybacks, achieving investment-grade credit metrics and “opportunistic” acquisitions, CEO Rodney O'Neal said.... Read More »
Automakers strain suppliers with surge in U.S. models 12:01 am U.S. ET | Jan. 19, 2013  Automakers plan to introduce 61 new or redesigned models in the United States this year, 50 percent more than any year since 2006. While the resurgence gives consumers more choices, suppliers could be hard-pressed to keep up. Auto parts suppliers cut thousands of workers and closed factories during the industry's collapse, and the survivors are stretched after three years of at least 10 percent U.S. vehicle-sales increases.... Read More »
FINAL ASSEMBLY How a pesky counselor pushed Delphi CEO into the auto business 12:01 am U.S. ET | Jan. 14, 2013  Delphi CEO Rodney O'Neal keeps a fairly low profile, so it was surprising when he offered a first-person glimpse of his life and career in "The Boss," a popular Sunday business feature in the New York Times. In the Jan. 6 issue, the 59-year-old Dayton, Ohio, native explained how he wound up in the auto industry.... Read More »
Suppliers push head-up displays as safety gearNov. 22, 2012 06:01 CET  Head-up displays are getting a fresh look as safety-alert devices. Suppliers such as Denso, Nippon Seiki, Continental and Delphi Automotive are developing head-up displays that project larger, brighter and more detailed images onto the windshield.... Read More »
PRODUCTION LINE Suppliers push head-up displays as safety gear 12:01 am U.S. ET | Nov. 19, 2012  Head-up displays are getting a fresh look as safety-alert devices. Suppliers such as Denso Corp., Nippon Seiki Co., Continental AG and Delphi Automotive are developing head-up displays that project larger, brighter and more detailed images onto the windshield.... Read More »
Delphi completes acquisition of French connectors unitNov. 14, 2012 06:01 CET  Delphi Automotive has completed the $982 million acquisition of FCI Group's Motorized Vehicles Division, which supplies connectors.... Read More »
Visteon, Delphi plan cuts to cope with Europe's slump 12:01 am U.S. ET | Nov. 5, 2012  Visteon and Delphi say they will accelerate cost cutting as carmakers slash production in the face of slowing demand, especially in Europe.... Read More »
Delphi will spend $750 million to repurchase more shares 2:31 pm U.S. ET | Sept. 14, 2012 Supplier Delphi Automotive plans to repurchase up to $750 million of its outstanding shares. The timing and amount of the share repurchases will be determined by market conditions, share price and other factors, the supplier said in a statement on Thursday.... Read More »
Bill would restore salaried Delphi retirees' pensions 12:19 pm U.S. ET | Sept. 12, 2012 An Ohio senator wants to give $1 billion from a General Motors stock sale to salaried Delphi Automotive retirees who lost much of their pension coverage during the supplier's bankruptcy proceedings, but the Delphi Salaried Retirees Association says it prefers another solution.... Read More »
STATE OF SUPPLIERS How Delphi Automotive beat the odds in vast corporate turnaround 12:01 am U.S. ET | Aug. 6, 2012 Delphi Automotive may be based in suburban Detroit, but to understand the company's turnaround, consider it a company without borders. For tax purposes, Delphi is incorporated in the United Kingdom. The company's once-vast network of U.S. factories is nearly gone, replaced by a growing network of plants in China, Mexico and eastern Europe.... Read More »
STATE OF SUPPLIERS Delphi rebirth began with slash-and-burn bankruptcy 12:01 am U.S. ET | Aug. 6, 2012 Delphi's painful slog through Bankruptcy Court took four years -- but that's where its turnaround began.... Read More »
STATE OF THE SUPPLIERS Early bet on China pays off for Delphi 12:01 am U.S. ET | Aug. 6, 2012 Two decades ago, Delphi bet early -- and big -- on the China market, and that investment is paying off.... Read More »
Delphi Q2 earnings climb on higher marginsAug. 1, 2012 06:01 CET  Delphi reported a boost in second-quarter earnings on the strength of improving pre-tax margins. The supplier said it posted second-quarter net income of $330 million compared with earnings of $298 million during the same quarter least year.... Read More »
Delphi Q2 earnings climb on higher margins 10:32 am U.S. ET | July 31, 2012  Delphi Automotive reported a boost in second-quarter earnings on the strength of improving pre-tax margins. The supplier said it posted second-quarter net income of $330 million compared with earnings of $298 million during the same quarter least year.... Read More »
Delphi's $972 million deal for FCI car unit cleared by EU 9:46 am U.S. ET | July 27, 2012  Delphi Automotive won EU regulatory clearance on Friday to buy FCI Group's motorized vehicles unit for about $972 million from private equity firm Bain Capital.... Read More »
DAVID SEDGWICK Crash avoidance gear gets a boost from insurers 12:01 am U.S. ET | July 16, 2012  You could hear suppliers sighing with relief on July 3 after the Insurance Institute for Highway Safety released its safety analysis of collision avoidance technology. The study reassures Delphi Automotive, Robert Bosch, Continental, Denso and others that have invested heavily in such systems David Sedgwick is a special correspondent for Automotive News.... Read More »
THE SUPPLIER SPEAKS: RODNEY O’NEAL, DELPHI AUTOMOTIVE After vast restructuring, Delphi returns to solid growth 12:01 am U.S. ET | July 16, 2012  Two and a half years after emerging from Chapter 11 bankruptcy protection, Delphi Automotive is growing again. In May, the company announced plans to buy FCI Group's electrical connectors business for $972 million, and CEO Rodney O'Neal says he isn't finished.... Read More »
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