It appears that General Motors began preparing for its ignition switch recall far earlier than previously known. According to emails viewed by The Wall Street Journal, a contract worker for the automaker allegedly placed an order for 500,000 replacement ignition switches from Delphi to prepare for the repairs on December 18, 2013. However, the actual recall for the parts wasn't announced until two months later in February 2014, and it had to be expanded several times afterwards to cover an incre
Investigations into the General Motors ignition switch recall continue on Capitol Hill this week, as two of the central figures in the legal nightmare testified before a congressional hearing for the first time.
The Detroit News has lodged another exhibit in the attempt to reconstruct how General Motors used an ignition switch part that might not have met the company's own standards, citing acrimonious relations between it and parts supplier Delphi just after the turn of the millennium. The short story alleges that that Delphi made a part that wasn't up to scratch, but the long story is about why Delphi may have done such a thing and why GM would have accepted it.
General Motors might be facing more bad news related to its recall of 1.6 million cars for faulty ignition switches. It turns out that GM and Delphi Automotive never changed the part number after instituting a fix in 2007. While many of these replacement pieces might not be unsound, it is impossible to know unless they are inspected or have their manufacturing history checked, according to Automotive News.
General Motors is not obligated to honor a pre-bankruptcy contract between the automaker, its affiliate, Delphi, and the United Auto Workers to cover $450 million in retiree medical benefits, a federal judge says, according to Reuters. The contract in question was enacted two years before GM's June 2009 bankruptcy filing.
Those of us with an older car might be feeling a bit jealous of all the new cars with their fancy smart phone apps. But if you have a 1996 or newer vehicle, you may soon be able to bring your car closer to those new-fangled models.
A new proposal to sell $1 billion of government-held General Motors stock to help restore Delphi white collar retirees pensions was balked at by one group attempting to build up the underfunded pension.
Among all the automakers unveiling their new wares in Geneva every year are a handful of independent designers and schools that aim to change the way we think about the automobile. They range from mainstream design houses like Pininfarina and Bertone to the zany obscurity of the IED Torino and – most especially – Sbarro.
Delphi is headed to this year's Geneva Motor Show with a concept of its own. Details on the F1FOR3 Concept are slim at the moment, though the company says the vehicle will be a platform for demonstrating "high speed connectivity and user experience features." While that sounds about as thrilling as belly button lint, we're bolstered by the fact that the concept was created with input from Franco Sbarro. Sbarro has had a hand in creating some of the most beautiful and oddball concepts we've ever
It took Delphi four years to exit bankruptcy, but after a major restructuring and staggering losses, the parts maker is once again ready to sell shares to the public. The Detroit News reports that Delphi will offer a $550-million stock offering later this month. The move comes after Delphi announced in May of 2011 that it would seek an Initial Public Offering, though the $550 million sum is nearly half of the originally announced $1 billion IPO.
The Detroit News is reporting that a federal judge has thrown out a portion of the lawsuit brought against the federal government by Delphi retirees. The former employees of the automotive supplier brought suit against the federal government after their pensions were terminated in bankruptcy proceedings. U.S. District Judge Arthur Tarnow dismissed claims against the U.S. Treasury Department, Timothy Geithner, the auto task force, Steven Rattner and Ron Bloom, though the judge did allow the lawsu
2009 was a rough year for most companies in the automotive industry. Delphi, a major automotive parts supplier, saw things a little differently. After entering bankruptcy in 2005, Delphi was able to climb out of its Chapter 11 hole in 2009. Now, two years later, Delphi is heading to Wall Street, and it looks like the parts supplier is about to make it rain.
Any attempt to establish a plug-in vehicle segment in the U.S. could fail unless the government steps up to the plate, says Rodney O'Neal, chief executive officer of Delphi Automotive. O'Neal claims that vehicle cost, limited range and the lack of a reliable electrical grid could hinder the adoption of plug-in automobiles.
On January 27th, the Environmental Protection Agency (EPA) added Delphi's Solid Oxide Fuel Cell (SOFC) Auxiliary Power Unit (APU) to its Emerging Technologies list, acknowledging that Delphi's SOFC is a potentially effective and efficient way to reduce diesel emissions from heavy-duty (Class 8) semi trucks.
Back in December of 2010, the U.S. Senate, followed shortly thereafter by the House of Representatives, voted to approve the Pedestrian Safety Enhancement Act of 2010. This required hybrids and plug-in vehicles to emit an audible warning. With noise-adding systems mandatory in the U.S., numerous automotive suppliers, including Delphi, have swung into action by developing so-called "sounders" for hybrid and electric vehicles.
A federal jury has cleared Former Delphi CEO J.T. Battenberg of the most serious allegations levied against him by the Securities and Exchange Commission. The SEC had charged both Battenberg and former Delphi accountant Paul Free with a variety of offenses, the most severe of which were fraud charges associated with misrepresenting a $237 million payment to General Motors. On Thursday, the jury cleared Battenberg of four of the most severe charges, but found him guilty of failing to maintain acc
According to the Detroit Free Press, the Securities and Exchange Commission has accused former Delphi CEO J.T. Battenberg III of intentionally working to hide his company's financial situation from investors. On Tuesday, an SEC lawyer told the jury in Battenberg's trial that the ex-Delphi boss made the company's financial numbers look better than they were in order to secure larger bonuses. The SEC sued both Battenberg and Paul Free, the former Chief Accounting Officer for Delphi, and several ot
The Securities and Exchange Commission is moving forward with charges against four former Delphi executives, including the company's ex-CEO, J.T. Battenberg III. Paul Free, the company's former controller and chief accounting officer, Milan Belans, who served as the director of capital planning and Catherine Rozanski, Delphi's former accounting director are all facing a civil suit along with Battenberg in relation to four suspect transactions the company made in 2000 and 2001. The SEC alleges th