Delphi News

The state budget approved by Indiana lawmakers includes a provision that will allow Howard County taxing units to borrow money to cover the lost personal property taxes that were unpaid by Chrysler LLC.

FAIRLESS HILLS, Pa. -- July 3, 2009 -- Bankruptcy Creditors' Service, Inc., published Issue No.

U.S. Rep. Louise Slaughter, D-Fairport, has urged General Motors Corp. and Delphi Corp., both in the throes of bankruptcy, to clarify the status of Delphi's fuel cell technology center in Henrietta prior to a court date the parts supplier has on July 23.

Billionaire investor Wilbur Ross and hedge fund Elliott Management Corp. are considering bids for bankrupt auto-parts maker Delphi Corp.

More than 20 members of Congress are asking Treasury Secretary Timothy Geithner to help Delphi Corp.

Visteon Corp. has asked a bankruptcy judge for permission to terminate its health care and life insurance programs for 6,650 hourly and salaried retirees.

Retired Delphi Corp. Salaried Employees are getting support in their fight for equity and representation in the General Motors bankruptcy from 22 members of congress who say it is fundamentally unfair that two groups of retirees are being treated differently.

Salaried retirees at Delphi Corp. will be hitting the streets of Detroit Thursday afternoon for a peaceful protest.

Bankrupt auto parts maker Delphi Corp. is defending its proposed sale to Beverly Hills-based private equity firm Platinum Equity, saying claims that the transaction was a sweetheart deal were unfounded.

Things appear to be looking up for bankrupt auto supplier Delphi Corp. CEO Rodney O'Neal told employees last week he expects the company to be profitable in early 2010 after it completes its sale to private-equity firm Platinum Equity Partners, considerably earlier than most observers had expected.

Approximately 30 Warren-area Delphi Packard Electric salaried retirees joined more than 300 others from Illinois, Indiana and Michigan Thursday in a peaceful protest in front of General Motors Corp.

The next generation of Volvo S60 sedan cars, available by mid-2010, will be equipped with a safety system that can act autonomously.

Platinum Equity, the Beverly Hills investment firm, is hitting a few speed bumps in its quest to buy bankrupt auto parts maker Delphi Corp.

A decade after General Motors Corp. and Ford Motor Co. spun off their parts subsidiaries, Delphi Corp.

A private equity firm belonging to a Michigan native could usher Troy-based Delphi Corp.

As Delphi Corp. moves on a fast track to emerge from Chapter 11 bankruptcy, some former salaried employees of the auto-parts maker are feeling left in the dust.

A new, private Delphi Corp. -- owned by California-based Platinum Equity -- would be smaller but more geographically diverse, catering to a wider band of customers worldwide and finally free from bankruptcy after four long cash-starved years.

On June 16, 2009, Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York approved a sale procedures order for Delphi Corporation.

Delphi Corp. creditors objected to the auto-parts makera s decision to revise its turnaround plan and sell most of its business to the private-equity firm Platinum Equity LLC.

Washington - Senator Evan Bayh is urging the new leadership of General Motors to protect the pensions of salaried Delphi Corporation employees.