Report: Four former Delphi execs set to go on trial
The group's lawyers, meanwhile, are expected to argue that the company underwent a "combative and confusing" process as it spun off from General Motors in 1999. As a result, GM pressured Delphi to keep prices low while the company was expected to meet earnings expectations. Delphi eventually declared bankruptcy, but not before closing down many of its U.S.-based plants and cutting pension benefits for many of its retirees.
[Source: Detroit Free Press]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models