Delphi


REPORT: Delphi exits Chapter 11 bankruptcy

For the first time in a very long while, you might say that Delphi is ahead of the curve. At a time when a number of automotive suppliers are finding life tough enough to file for Chapter 11 bankruptcy, Delphi is finally emerging from its own four-year-old filing. Delphi's financial savior is a group led by Elliot Management and Silver Point Capital, which has reportedly agreed to forgive $3.4 billion in loans while making a $900 million investment in the new Delphi. Certain bits of the old company were absorbed by General Motors – ... Read more →

Delphi develops MagneRide engine mounts for Porsche 911 GT3 Jeremy Korzeniewski

The same magneto rheological damping technology that allows Chevrolet, Cadillac and Ferrari to control 500-plus horsepower in a car that's comfortable to drive on city streets will soon make its ...

REPORT: Visteon books $2M profit. Delphi makes $556M. Wait... wha?! Dan Roth

When is a profit not a profit? When it's the result of bankruptcy prevention measures, like Visteon's report of a $2 million profit during the first quarter of 2009. The auto supplier is reporting ...

Chinese buy Delphi brake and suspension business Sam Abuelsamid

Delphi has reached an agreement to sell off its brake and suspension business. A consortium consisting of Tempo Group, Capital Iron & Steel Co. and the Beijing government will own Beijing West ...

Delphi seeking court's permission to end retiree health care Jeremy Korzeniewski

If you thought things were looking bleak at General Motors, perhaps you should take a peek at Delphi, the parts supplier that spun off from The General in 1997. It declared bankruptcy in 2005 after ...

Delphi and Autonet partnering to bring mobile internet to the masses 1 year ago on Autoblog

One of the highlights of the recent Audi Mileage Marathon for participating journalists was the in-car internet connectivity. The Q7s and other vehicles used in the marathon were equipped with a Cradlepoint mobile WiFi router and USB wireless broadband adapter. We were able to open up our laptops ...

Buy a brick from a fallen Flint assembly plant 1 year ago on Autoblog

Our first thought was "Boy, retirement plans sure ain't what they used to be." Reality, of course, is more banal, it's just UAW Local 651 going all nostalgic while demolition of the Flint East plant continues. The plant's last occupant was Delphi, but the plant has a history nearly as long as the ...

Delphi investor backs out, bankruptcy exit delayed 1 year ago on Autoblog

Bankrupt supplier Delphi was expected to finalize a financing package this morning that would finally allow the company to emerge from the red, but in the 11th hour one of its investors backed out leaving the supplier, its largest customer General Motors and the company's shareholders in the lurch. ...

CES 2008: Video of Delphi's Dual-View nav screen in action 1 year ago on Autoblog

click above image to view video We've seen a lot of cool technology coming out of the 2008 Consumer Electronics Show in Las Vegas this week, but few gadgets are more useful or cool than this dual-view navigation screen from Delphi. When out of Park, the driver can only see navigation or radio ...

Delphi concept controls your car through iPhone 1 year ago on Autoblog

var digg_url = 'http://digg.com/apple/Control_your_car_through_your_iPhone'; One of Delphi's major reveals during CES this week is surely to get the iPhone fanbois frothing at the mouth – even if it's just a concept. The software allows users to monitor and control several aspects of a ...

GM hearts XM: Satellite radio now standard on 2008 HUMMER, Saab and Buick models 2 years ago on Autoblog

General Motors is serious about satellite radio, and the amount of nameplates that offer standard XM is growing all the time. Previously, GM made XM standard on all Cadillacs, and now the subscription radio service will also be available for all new Buick, HUMMER, and Saab models as well. The move ...

Delphi, GM, UAW come to an agreement 2 years ago on Autoblog

Delphi, the UAW, and GM have come to an accord. Pending approval by UAW members and federal bankruptcy court, it would mean that Delphi can focus on the other pressing matters in front of it after spending two years in bankruptcy. The deal would require a one-time payout from GM, in return for ...

Latest UAW proposal could hold the key to Delphi's restructuring 2 years ago on Autoblog

The UAW is walking a few tightropes right now, and it can't afford to fall off of any of them. In talks with bankrupt auto supplier Delphi Corp. and its private equity partners, at stake for the UAW is coming to an agreement that benefits both sides, but one that does not put the UAW at a ...

Cerberus walks away from Delphi to focus on Chrylser 2 years ago on Autoblog

One of the major players in the acquisition of bankrupt mega-parts supplier, Delphi, is Cerberus Capital Management. That name should ring familiar to anyone following the ongoing saga of the (potential) sale of Chrysler, as Cerberus is one of the three firms making a play for the ailing side of ...

Darn, we're outta that! Ford of Australia halts work due to supply problem 2 years ago on Autoblog

Ford's Broadmeadows facility has run out of at least one key component for V8 engines, and will have to shut down until its supplier resolves labor issues. The supplier, Coghlan and Russell Engineering, owes employees a boatload of money - in the order of 1.5 million-plus Austrailian dollars. ...

Antics abound at the SAE Greenbrier retreat 3 years ago on Autoblog

The Greenbrier retreat hosted by the Society of Automotive Engineers is known as something of a boondoggle in the industry, but with all the doom and gloom, we're hard-pressed to deny the automotive bigwigs a little fun. The tone of the confrence is light, with industry execs spending more time ...

Report: GM and Delphi close to deal that would avert UAW strike 3 years ago on Autoblog

According to Bloomberg, sources within the ongoing negotiations between General Motors and Delphi are saying that an agreement is near. The article cites a half dozen unnamed individuals who are confirming that GM will subsidize the pay of Delphi's workforce to ensure that a strike within the parts ...

Delphi dumping unprofitable contracts with GM 3 years ago on Autoblog

It's been a year since Delphi filed for Chapter 11 bankruptcy protection, and the supplier is still trying to find ways to return to profitability. One of the things it's identified as a way to get back into the black is ridding themselves of unprofitable contracts with General Motors. They have ...

Approximately 14,000 workers will leave Delphi 3 years ago on Autoblog

Way back in March of this year, the UAW, GM and Delphi sat down to figure out a buyout/retirement plan for the approximately 14,600 employees eligible to leave the workforce. Delphi employees were offered two separate packages: certain retirement eligible employees will be able to walk with a lump ...

Delphi NAV200 comes in at $349 3 years ago on Autoblog

Aftermarket navigation systems are not cheap, though neither are the nav units that come bundled in your car. Aftermarket units can start in the $500 range but easily skyrocket up to $2,000 depending on how many features you demand. Delphi's consumer electronics division has just announced a new ...

Delphi hearing postponed until September 3 years ago on Autoblog

The U.S. bankruptcy court hearing on Delphi's request to tear up its labor contracts has now been postponed until September 18, to allow further negotiation between the bankrupt parts maker, its labor unions and its biggest customer (and former parent company) General Motors. In its announcement of ...

Delphi posts $2.3B loss in Q2 3 years ago on Autoblog

As key General Motors parts supplier Delphi continues to wend its way through the bankruptcy courts, on Tuesday the struggling company posted a loss of $2.3 billion for the second quarter, compared to a $338 million loss in the same quarter last year. The current year result reflects $1.9 billion in ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan 3 years ago on Autoblog

Not surprisingly, the United Auto Workers have taken issue with a bonus plan proposed for Delphi's executive management, saying that if the bonuses were to pass, it would ruffle some feathers as the two parties proceed with negotiations. The plan, which Delphi successfully petitioned the judge for ...

Delphi lost $2.4 billion in 2005 3 years ago on Autoblog

We know, June is a little late to be releasing your annual report for the prior year, but Delphi was forced to wait until discussions with GM and its own unions concerning wage and benefit reductions bore some fruit. That fruit came in the form of an agreement with GM for a historical attrition plan ...

Delphi hires 2,000 temps 3 years ago on Autoblog

In order to offset the loss of production from the departure of 12,600 workers accepting retirement buyouts, Delphi announced yesterday that it has hired some 2,000 temporary workers. The temporary workers will earn $14 an hour where the union workers they're replacing earned $27 an hour. The ...

35,000 to bail on General Motors 3 years ago on Autoblog

It's not often that a company gets excited about 35,000 workers jumping ship via early retirement packages and buyouts, but when that company is General Motors, the bailage is a very good thing. The news means that General Motors is two years ahead of schedule in terms of shrinking its workforce, ...

Turnaround expert: Auto parts sector is a "very, very troubled industry" 3 years ago on Autoblog

Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially mentions decreasing production from domestic automakers as potentially causing severe trouble. While a move ...

Delphi seen improving, given more time by judge 3 years ago on Autoblog

U.S. Bankruptcy Judge Robert Drain agreed yesterday to extend Delphi's deadline to submit its reorginization plan from August 5th to February 1st of next year. Judge Drain apparently sees the embattled company as making significant progress with buyouts and the early retirement of thousands of Union ...

Delphi reaches buyout agreement with second-largest union 3 years ago on Autoblog

Delphi has announced the successful negotiation of a buyout deal for its employees who are represented by the International Union of Electrical Workers (IUEW). Approximately 8,000 employees are eligible to participate, and will receive either lump-sum payments of $35,000 or packages ...

Delphi creditors look to void supply contracts with GM 3 years ago on Autoblog

Adding another layer to the Delphi drama this week, the company's creditors went to court asking that the company be allowed to cancel its established supply contracts with GM, supporting Delphi's request from March. GM responded to the original filing by calling the move "blackmail", and ...

Take the money and run - GM employees opting for buyout 3 years ago on Autoblog

It looks like General Motors will have no problem meeting its goal of cutting 30,000 jobs in the U.S., according to United Autombile Workers president Ron Gettelfinger. With about a week to go before GM's employee buyout offer expires, about 25,000 UAW members have signed up (around 22 percent of ...

UAW president Ron Gettelfinger reelected 3 years ago on Autoblog

Nobody saw this one coming... Ron Gettelfinger, ran unopposed and was reelected as the president of the United Auto Workers (UAW) at its 34th Constitutional Convention in Las Vegas. Alongside him on the slate were five vice presidents, three of which are expected to be named as ...

Domestic automakers improve relationships with suppliers, but Asians still much favored 3 years ago on Autoblog

Within the auto industry, it's something of an secret that most suppliers prefer to work with Asian "transplant" OEMs, who are perceived to be easier to work with. Planning Perspective's recently released survey shows that the Big 3 are making substantive improvements, but still have a long ways to ...

Delphi reaches agreement on buyouts with UAW, GM 3 years ago on Autoblog

Delphi has reached a buyout agreement with the United Auto Workers and General Motors. Announced Friday, the deal will extend buyout offers to each and every hourly worker, giving all UAW-represented employees (around 22,000 out of 31,000 Delphi employees)  a chance to bail with a safety net. ...

Probe into Delphi finances targets seven former company officials 3 years ago on Autoblog

Presumably, the fact that "target letters" have been sent to seven ex-Delphi executives by the Securities and Exchange Commission is not a welcome sign for those on the receiving end of that particular communiqué. It's likely that the letters are a step towards civil ...

Key IUE-CWA union official dies, Delphi negotiations postponed 3 years ago on Autoblog

Henry Reichart, the International Union of Electrical Workers-Communications Workers of America (IUE-CWA), and chief negotiator in the ongoing Delphi Corp. talks, has died. Early reports indicate that the 55-year-old chairman passed away on Monday due to a heart-related issue. Sessions planned in ...

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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