Delphi News

Beijing Jingxi Heavy Industry Company signed a contract with the American company, the Delphi Corporation, to purchase Delphi's vibration isolation and braking departments for US$90 million Mondayi1 4 the Economic Information Daily today.

If there's any doubt about the value of valve-train engine parts built at the Burlingame Avenue SW plant, consider this: plant ownership has ricocheted from General Motors Corp.

Delphi Automotive LLP, which exited bankruptcy protection last month, said today that it has created a new board that will be led by former DuPont Chairman John Krol.

If the automotive market expands following the recession and if General Motors Co.

A Chinese investment group led by state-owned steel maker Shougang Group said Tuesday it has bought U.S.-based Delphi Corp.'s brake and suspension unit for about $100 million.

General Motors Co. said it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division.

General Motors Co. CEO Fritz Henderson said Wednesday that government-imposed cuts to his own salary, and the pay of other executives at seven companies that received taxpayer money, were "fair" and "thoughtful." Henderson was among executives who will see their base salaries slashed under a plan by Kenneth Feinberg, the Obama administration's "pay ...

The meeting went a lot better than planned. Now the Delphi Salaried Retirees Association wants to know how the problems with members' retirement plans will be fixed.

Senators on a committee dealing with pension issues reacted indignantly after hearing testimony from a Delphi Packard Electric salaried retiree about looming steep cuts in their pensions, the group's spokesman said Thursday.

General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.

General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.

Representatives of salaried retirees from Delphi and General Motors will appeal their pensions not be cut when they appear at a Senate committee hearing in Washington Thursday.

Chinese automotive suppliers are likely to be buyers of North American auto parts companies as the industry faces 12 to 18 more months of depressed volumes and tight credit, says Dietmar Ostermann, a director with the management consultancy PRTM in Addison, Texas.

By LOU WILIN STAFF WRITER More than 20 Cummins Filtration employees who were laid off in May are eligible to receive job training or money from the federal government.

The U.S. Treasury Department is prepared to foreclose on a $262-million escrow account that Chrysler's bankruptcy estate is using to pay its law firm, Jones Day, and its financial consultant, Capstone Advisors.

China and Russia may be set to sign another major energy deal as the two countries overcome traditional mistrust to push ahead on mutual economic interests.

The billionaire's firm got caught shorting Delphi debt and won't pay, Goldman says.

A look at economic developments and activity in major stock markets around the world Thursday: ISTANBUL, Turkey - The global economy is recovering faster than expected, but governments should be careful not to withdraw their stimulus measures prematurely, the International Monetary Fund said.

The clearance is subject to conditions placed on both GM and Delphi. GM is a US car manufacturer with a leading position in the global and Chinese car market.

When Robert J. "Bob" Remenar arrived at work in Buena Vista Township early Wednesday, it marked the first time the familiar lighted "Delphi" sign visible from Interstate 75 wasn't there to greet him.