The company announced improvements to self driving technology under development in December 2015. Together, the Mahle-Behr and Delphi Thermal merger represented the second largest supplier of automotive thermal management systems including interior HVAC components, under-hood powertrain cooling and compressors. ĭelphi sold its Thermal Business unit to Mahle-Behr GmbH in July 2015. The new Delphi incorporated in the United Kingdom. The old Delphi Corporation was renamed DPH Holdings Corporation. Some of its non-core steering operations sold to General Motors Company, the successor to the bankrupt Motors Liquidation Company that was formerly General Motors Corporation. Ī group of private investors purchased Delphi's core assets to create a new Delphi Corporation in October 2009. In April 2009 CoolIT Systems announced the acquisition of the assets of Delphi Thermal Liquid Cooling including intellectual property, machinery, and equipment. Bankruptcy Judge Robert Drain in New York allowed Delphi to seek payments through a contract against Appaloosa Management LP as well as denying an investors' request for a cap of $250 million for damages. ĭelphi sued its investors for US$2.55 billion in securities to aid Delphi as it sought to come out of bankruptcy in May 2008. The Regional Government of Andalusia announced it would begin legal action against the company for breach of local labor laws. Plants in Puerto Real, Cádiz, Spain, closed, with a loss of 1,600 direct jobs, and more than 2,500 indirect jobs in February 2007, despite having agreed to continue its manufacturing operations until 2010 and receiving more than €25 million from various public administrations in order to guarantee its workers' jobs. As a result of this action, the Securities and Exchange Commission granted an application by the New York Stock Exchange to delist Delphi's common stock and bonds. Delphi then filed for Chapter 11 bankruptcy protection to reorganize its struggling U.S. A number of executives, including CFO Alan Dawes, resigned. Delphi disclosed some irregular accounting practices in 2005. The company was established as General Motors' Automotive Components Group in 1994, which changed its name to Delphi Automotive Systems in 1995.
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