Delphi Automotive

Delphi Automotive

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Delphi Automotive

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Description:
Delphi Automotive LLP is an automotive parts company headquartered in Troy, Michigan, USA. Delphi is one of the world's largest automotive parts manufacturers and has approximately 146,600 employees (18,900 in the United States).

With offices worldwide, the company operates 150 wholly owned manufacturing sites, 44 joint ventures, 53 customer centers and sales offices, and 33 technical centers in 38 countries.

History

  • 1994: General Motors forms Automotive Components Group.
  • 1995: ACG is renamed Delphi Automotive Systems.
  • 1997: GM and Hughes Electronics Corporation spin-off of Hughes Defense electronics business and transfer Delco Electronics from Hughes to Delphi.
  • 1999: Delphi Automotive Systems becomes fully independent publicly held corporation.
  • 2000: Delphi purchased UK based Lucas Diesel Systems from TRW Inc who purchased its parent LucasVarity plc in 1999.
  • 2001: 11,500 jobs were cut worldwide (Bischoff 1A).
  • 2002: Delphi Automotive Systems is renamed Delphi Corporation reflecting its diversified business direction.
  • 2004: Delphi is subpoenaed by the Securities & Exchange Commission in July for irregular accounting practices and financial transactions.
  • 2005: Delphi discloses irregular accounting practices. A number of executives, including CFO Alan Dawes, resign. Delphi Chairman J.T. Battenberg ||| retires. Delphi files for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. As a result of this action, the...... ...
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