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Delphi News

News on Delphi continually updated from thousands of sources around the net.

11 hrs ago | Kokomo Tribune

County gets Chrysler tax relief

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.

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Related Topix: Howard County, IN, Economics News, Bankruptcy, Kokomo Metro, Kokomo, IN, Manufacturing, Automakers, Delphi, IN

Fri Jul 03, 2009

Earth Times

DELPHI Bankruptcy News, Issue No. 172

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

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Related Topix: Manufacturing, Automakers, Fairless Hills, PA

Democrat & Chronicle

Slaughter questions Delphi, GM on Henrietta fuel cell center

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.

Comment?

Related Topix: Manufacturing, Automakers, GMC GM, GMC, Henrietta, NY, Rochester Metro, Rochester, NY

Thu Jul 02, 2009

Bloomberg Business News

Wilbur Ross, Elliott Management Said to Consider Bids for Assets of Delphi

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

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, Troy, MI, GMC GM, GMC, General Motors

Wed Jul 01, 2009

Dayton Business Journal

Geithner's help sought in Delphi battle

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

Comment?

Related Topix: Manufacturing, Automakers, Insurance

Tue Jun 30, 2009

Detroit Free Press

Read Comments

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.

Comment?

Related Topix: Manufacturing, Automakers, Visteon, Economics News, Bankruptcy

Tribune-Chronicle

Delphi retirees gain congressional .....

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.

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Related Topix: Manufacturing, Automakers, US Politics, US News, US House of Representatives, Democrat, Tim Ryan, Representative Mary Jo Kilroy, Sherrod Brown, Republican, Representative Steve Driehaus, Representative Robert Latta

Mon Jun 29, 2009

WNEM-TV Saginaw

Delphi's Salaried Retirees Plan GM Protest

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

Comment?

Related Topix: Manufacturing, Automakers

Sun Jun 28, 2009

Los Angeles Business Journal Online -...

Delphi Defends Proposed Sale to Platinum

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.

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy

Sat Jun 27, 2009

New York Post

Delphi Boss Sees Profit

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.

1 comment

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, Business News

Fri Jun 26, 2009

Tribune-Chronicle

Delphi salaried retirees picket GM .....

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.

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Related Topix: Manufacturing, Automakers, GMC GM, GMC, US Politics, Barack Obama, US News, US Senate, Democrat, General Motors, Detroit Metro

Thu Jun 25, 2009

EETimes.eu

Autonomous brake decelerates to zero

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

Comment?

Related Topix: Manufacturing, Automakers

Tue Jun 23, 2009

Monterey County Herald

Platinum Equity's bid to acquire Delphi auto parts hits roadblock

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

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, GMC GM, GMC, Marketing, Troy, MI

Mon Jun 22, 2009

Hispanic Business

Delphi and Visteon Look to GM, Ford

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

Comment?

Related Topix: Manufacturing, Automakers, Visteon, GMC GM, GMC

Sun Jun 21, 2009

Detroit Free Press

Michigan native's firm may give push Delphi needs to win

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

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, Genesee, MI, Flint, MI, Flint Metro, Detroit Metro

Sat Jun 20, 2009

MLive.com

Delphi salaried retirees worry about pension cuts under bankruptcy reorganization plan

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.

Comment?

Related Topix: Manufacturing, Automakers, Pension, Personal Finance, Economics News, Bankruptcy, Au Gres, MI, GMC GM, GMC

Fri Jun 19, 2009

Detroit News

Delphi may leave bankruptcy in July

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.

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, Detroit, MI, Detroit Metro

Thu Jun 18, 2009

Paddock Talk

GM Statement Regarding Court Order For Delphi To Hold An Auction For Delphi Assets

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.

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy

Wed Jun 17, 2009

Bloomberg

Delphi Creditors Object to Sale to Platinum Under Revised Turnaround Plan

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.

Comment?

Related Topix: Manufacturing, Automakers, Economics News, Bankruptcy, US News

Tue Jun 16, 2009

WTRE-AM Greensburg

Bayh Urges General Motors to Protect Pensions of Delphi Employees

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

Comment?

Related Topix: Manufacturing, Automakers, Pension, Personal Finance, Indiana

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