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...Or it could spin off some operations and merge them with a rival — as suggested last year when rival Delphi tried to sell its powertrain division to Conti, according to two people....
...After talks between Delphi and Conti failed last year, Delphi announced in May it would spin out its powertrain arm as a separate business....
...Delphi, a US-headquartered global automotive components supplier announced on Friday that it would wind down its Delphi Diesel Systems manufacturing operations in Sudbury, Suffolk, with activity ceasing...
...“Looking at the history of the automotive industry, whenever new technology has appeared the car industry has evolved.”...
...Fiat Chrysler has joined a consortium including BMW, Intel and Delphi making an autonomous vehicle system....
...For example, Google has alliances with Bosch and Continental, as well as Delphi, the US car component maker....
...“It’s not automotive. That explains why some of the traditional automotive players didn’t develop this technology.”...
...This is exactly what happened when automotive parts company Delphi filed for bankruptcy in 2005. Some estimates FT Alphaville has seen reckon that there was $10m of CDS notional for every $1m of bonds....
...Delphi Automotive, the US car parts maker that went public last week after a long post-bankruptcy restructuring, is seeking acquisitions to boost its Asia-Pacific presence and expand its core businesses....
...Shares of Delphi Automotive dropped in first-day trading after its initial public offering, highlighting the difficulty the car components-maker has faced in returning to the public markets....
...But Delphi Automotive, the once-bankrupt vehicle components supplier that ran a $530m IPO, fell 3 per cent in first-day trading to $21.33....
...Automotive stocks rose sharply, partly in response to the optimistic presentations by industry executives at the show....
...The two-tier system made a comeback about a decade ago, notably among hard-pressed automotive parts suppliers....
...The market faces a test with Delphi, the once bankrupt automotive group. It has scaled back a $1bn offering to $550m, and is now looking to begin trading sometime next week....
...Two years after emerging from a long and difficult bankruptcy battle, Delphi Automotive has filed to raise $100m in an initial public offering....
...The US justice department said it was also investigating “anti-competitive cartel conduct” among suppliers of automotive electronic components. It declined to elaborate....
...Delphi Automotive, the US car parts maker which emerged from bankruptcy last year, has redeemed equity stakes worth $4.4bn held by General Motors and the US government’s Pension Benefit Guaranty Corp....
...Special items included $2bn from the sale of stakes in Delphi Automotive, GM’s biggest parts supplier, and Ally Financial, its former financing arm....
...Delphi, owned by hedge funds led by Elliott Management and Silver Point Capital, will pursue an initial public offering this year....
...It said it had outsourced some manufacturing of automotive microcontrollers to GlobalFoundries’ Singapore factory....
...It also owns bed retailer Dreams, the V.Ships ship management business, and debt recovery specialists Lowell....
...Rescuing the largest, most diversified car parts maker was crucial to the finely balanced survival of the US automotive industry....
...But there have been many lower profile deals involving Chinese buyers, such as the $100m paid by a Chinese consortium for a brakes and transmissions business owned by Delphi, the then-bankrupt Detroit parts...
...General Motors is to sell its global steering business, formerly owned by supplier group Delphi, to Beijing-based Pacific Century Motors in one of the biggest sales of an auto-parts business to a Chinese...
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