Delphi in ‘exclusive talks’ on $958-million acquisition of Motorized Vehicles Division
Delphi Automotive Plc is in "exclusive talks" to take control of Motorized Vehicles Division, the electrical connectors manufacturing unit of FCI Group from Bain Capital, for around 764... Read more
Delphi says that a dividend may be paid either this year or the next
Delphi Automotive plc CFO Kevin Clark said that a dividend may be paid either this year or the next. Last November, the former parts unit of General Motors Co. held an initial public... Read more
Delphi raised $530 million in its initial public offering (IPO)
Delphi Automotive raised $530 million last Wednesday in its initial public offering, with its shares priced lower than its anticipated range. Bloomberg stated that Delphi Automotive, a... Read more
Delphi to set terms for its initial public offering, aims to get $550 million
Sources say that Delphi Automotive, the reorganized former parts unit of General Motors Co., intends to set the terms for its initial public offering. The sources also said that the pitch... Read more
Former Delphi CEO Battenberg must pay a $215,000 penalty for violating U.S. securities laws
U.S. District Judge Avern Cohn in Detroit ordered Tuesday that J. T. Battenberg III, a former chief executive officer at Delphi Corp., has to pay $215,000 in penalty charges for violating... Read more
Delphi IPO may not happen due to industry slowdown
Current economic indicators from May suggest that the auto industry is slowing down, making experts doubt whether Delphi Automotive LLP’s initial public offering is happening soon.... Read more
Delphi Automotive files for IPO to raise up to $100 million
As the U.S. auto industry is recovering from the economic crisis, Delphi Automotive is launching an initial public offering to raise up to $100 million. Auto parts supplier Delphi is... Read more
Sources: Delphi Automotive ready for an initial public offering (IPO)
Delphi Automotive LLP has acquired the services of Goldman Sachs Group Inc. and JPMorgan Chase & Co. to manage an initial public offering that could raise more than $1 billion, according... Read more
Jurors near verdict in former Delphi CEO Battenberg III civil case
A decision is nearing on the civil fraud case against former Delphi CEO J.T. Battenberg III, according to a spokeswoman for U.S. District Judge Avern Cohn. In a note to the judge, the... Read more
Delphi CEO JT Battenberg III case goes to jury after 11-week trial
In front of the 10-person jury in U.S. District Court in Detroit, the lead attorney of former Delphi Corp. CEO J.T. Battenberg III made closing arguments last Tuesday and asserted that... Read more
Former Delphi CEO testifies in fraud trial, denies receiving counsel’s warning
In former Delphi CEO J.T. Battenberg III’s recent testimony, he denies receiving a voicemail from its top lawyer in 2000 on concerns about how Delphi planned to report the details of a... Read more
Report: Delphi withheld documents from its accounting firm
Former Delphi Corp. CEO J.T. Battenberg III is facing a civil securities-fraud case filed by Securities and Exchange Commission. Nicholas Difazio, General Motors' former outside auditor... Read more
U.S. antitrust officials approve GM plans to buy assets of Delphi
General Motors Co.'s plans to acquire certain assets of Delphi Corp. were approved recently by US antitrust officials. Assets that will be transferred to GM include Delphi's global... Read more
General Motors selling its steering business
General Motors Co. has been rumored to be negotiating the sale of its steering business for at least the past four months to a Chinese buyer but now, the carmaker acknowledges that it is... Read more
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