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March 6, 2021
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Delphi Reports Losses
(2008-01-01)
(wgvu) - NEW YORK (Dow Jones/AP) - The auto-parts supplier Delphi Corp.
reports a net loss of $231 million for November.
The Troy, Michigan, company filed for bankruptcy protection in
2005.
It reported the loss in a filing with the Securities and
Exchange Commission. The company says it lost $2.78 billion in the
first 11 monthns of the year.
Delphi recorded about $1.15 billion in net sales for December.
Delphi is the country's biggest maker of auto parts. It has been
in Chapter 11 proceedings since October 2005 and aims to exit
bankruptcy before the end of March. The company was spun off in
1999 from General Motors Corp., which has borne a large chunk of
Delphi's restructuring costs.
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