Delphi Automotive

Delphi Automotive PLC
Public limited company
Traded as NYSE: DLPH
S&P 500 Component
Industry Automotive
Founded 1994
Headquarters Gillingham, Kent, UK[1]
Key people
Rajiv L. Gupta
(Chairman)
Kevin P. Clark
(President and CEO)
Products Vehicle electronics, systems, modules, & components
Revenue Increase US$ 17.023 billion (2014)[2]
Increase US$ 1.847 billion (2014)[2]
Increase US$ 1.440 billion (2014)[2]
Total assets Decrease US$ 10.746 billion (2014)[2]
Total equity Decrease US$ 3.013 billion (2014)[2]
Number of employees
161,000 (December 2013)
Website Delphi.com

Delphi Automotive PLC is an automotive parts manufacturing company headquartered in Gillingham, Kent, UK.[1] It is one of the world's largest automotive parts manufacturers and has approximately 161,000 employees.[3]

With offices worldwide, the company operates 126 wholly owned manufacturing sites, and 15 technical centers across 32 countries.

History

Chapter 11 reorganization

During the Chapter 11 cases, Delphi made substantial progress in identifying and implementing the sale (or receiving Bankruptcy Court approval to sell) or wind down of those facilities and business lines that do not support the company’s future strategic framework, including:

Operations

As of November 2015, Delphi has four diversified business segments:[2]

Controversies

On 4 March 2005, Delphi said it had fired its CFO and would restate earnings between 1999, when Delphi spun off from General Motors Corp.(GM), and 2004 for improper reporting of rebates, credits, or other payments from suppliers.[22] In June, 2006, Delphi said in a filing that it would restate its 2005 report, which would increase Delphi's reported 2004 net loss by $65 million. In 2013, Delphi became involved in an ongoing lawsuit against GM, because it manufactures ignition switches for the Chevrolet Cobalt, whose original design is alleged to be defective.[23]

Joint ventures

Senior management

On 4 November 2009, Delphi named a new board[25] with John A. Krol as the chairman. Kevin P. Clark has been the President and chief executive officer of the company[26] since March 2015.

Environmental record

Researchers at the University of Massachusetts Amherst identified Delphi corp. as the 21st-largest corporate producer of air pollution in the United States in 2002.[27] According to the study, the manufacturer's most toxic emissions included asbestos (542 lb/yr), chromium compounds (1,082 lb/yr), lead compounds (8,466 lb/yr), and sulfuric acid (17,600 lbs/year), while the most massive emissions were glycol ethers (111,520 lbs/year) and hydrochloric acid (80,000 lb/yr).[28]

References

  1. 1 2 "Addresses". Delphi. 31 January 2014. Retrieved 2 March 2014.
  2. 1 2 3 4 5 6 "Year-End Financial Statements". Delphi. 4 February 2015. Retrieved 31 December 2015.
  3. "Delphi - Investor Relations - 2013 Form 10-K" (PDF). Retrieved 2 March 2014.
  4. "SEC delisting order". Sec.gov. Retrieved 15 April 2012.
  5. "Delphi to close Spain factory, cut jobs". BusinessWeek. 23 February 2007.
  6. "Closure of the Delphi undertaking in Puerto Real, Cádiz, Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission".
  7. "Zarrías dice que no permitirá que Delphi 'se ría de Andalucía'". Terra. 23 February 2007.
  8. "Judge allows Delphi to pursue claims against investors". Chicago Tribune. 29 July 2008. Retrieved 29 July 2008.
  9. Lewis, Rob. "CoolIT puts new money to work". Techvibes. Retrieved 26 February 2016.
  10. "CoolIT Systems Acquires Delphi Liquid Cooling Assets". Business Wire. Retrieved 26 February 2016.
  11. "DPH Holdings Corporation". Kurtzman Carson Consultants LLC. Retrieved 30 March 2010.
  12. Gardner, Greg (11 December 2015). "Delphi's self-driving Audi SQ5 to showcase new features". Detroit Free Press. Retrieved 13 December 2015.
  13. "Delphi Signs Sale Agreement for Brake Hose Business; Files Motion to Request Hearing With the Bankruptcy Court" (Press release). Delphi. 29 January 2007.
  14. "Delphi Signs Agreement to Sell Mexican Brake Plant, Files Motion to Request Hearing With the Bankruptcy Court" (Press release). Delphi. 15 June 2007.
  15. "Delphi Completes Sale of U.S. Battery Plant to JCI" (Press release). 2 August 2006.
  16. "Delphi Completes Sale of Catalyst Business to Umicore" (Press release). Delphi. 1 October 2007.
  17. "Hephaestus Holdings, Inc. to acquire North American wheel bearings business from Delphi Corporation" (Press release). KPS Capital Partners. 21 February 2008.
  18. "Delphi Signs Master Sale Agreement for Interiors and Closures Business -- Files Motion to Request Hearing With the Bankruptcy Court" (Press release). Delphi. 16 October 2007.
  19. "Delphi Signs Asset Sale Agreement With TRW for Certain North American Brake Component Machining and Assembly Assets -- Files Motion to Request Hearing With the Bankruptcy Court" (Press release). Delphi. 18 September 2007.
  20. "New GM Subsidiaries will include Delphi Components Operations and Global Steering Business". Gm-trucks.com. 3 August 2009. Retrieved 15 April 2012.
  21. "Delphi Signs Agreement to Sell Global Suspension and Brakes Business; Company To File Motion Requesting Court Hearings To Approve Bidding Procedures and Authorize Sale of Assets" (Press release). Delphi. 31 March 2009.
  22. "Delphi CFO Resigns, to Restate Results". Fox News. 5 March 2005.
  23. Vlasic, Bill (28 March 2014). "An Engineer's Eureka Moment with a GM Flaw". The New York Times.
  24. http://www.ener1.com/?q=content/ener1 Furukawa Electric establishes J/V an automotive Wiring Harness with Delphi Corp in the US -history
  25. "Delphi Names New Board" (Press release). Delphi. Retrieved 19 December 2009.
  26. "Delphi Senior Leadership" (Press release). Delphi. Retrieved 19 December 2009.
  27. "Political Economy Research Institute". Peri.umass.edu. Retrieved 15 April 2012.
  28. Toxic 100 detailed company report (Toxics Release Inventory) Archived 24 December 2008 at the Wayback Machine.

External links

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