Most of the struggling business units lumped into Delphi's Automotive Holdings Group appear to have little chance of recovery.
Delphi plans more urgent measures to tackle troubled operations inherited from General Motors.
Fixing Delphi's non-performing assets is one of the company's biggest challenges, said Chairman J.T Battenberg.
"The real challenge is to get those non-performing assets taken care of, so we can get them behind us," said Battenberg.
In January, Delphi executive James A. Bertrand will relinquish his dual role as president of Delphi's Safety & Interior Systems operation and president of the Automotive Holdings Group to focus solely on the latter.
The Automotive Holdings Group was formed last January as Delphi sought to place struggling units in a more focused management structure. The loss making units mainly suffer from mature product portfolios in declining markets.
Bertrand, a former GM Europe executive, expects Automotive Holdings Group sales to be just over $2.5 billion in 2003.But he says revenue will decline in 2004.
Bertrand hopes that some of the businesses in the Automotive Holdings Group can graduate back to the mainstream Delphi divisions.
But for the vast majority, achieving Delphi's corporate target of 12.5 percent return on net assets appears nearly impossible, even for businesses with a low capital capacity.