|Public limited company|
|Rajiv L. Gupta|
Kevin P. Clark
(President and CEO)
|Products||Vehicle electronics, systems, modules, & components|
|Revenue||US$ 14.435 billion (2018)|
|US$ 1.473 billion (2018)|
|US$ 1.067 billion (2018)|
Number of employees
|147,000 (December 2017)|
The business was established as the Automotive Components Group in 1994 and changed its name to Delphi Automotive Systems in 1995. Delphi disclosed some irregular accounting practices in 2005. A number of executives, including CFO Alan Dawes, resigned. Delphi Chairman J.T. Battenberg retired. Delphi then filed for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. 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.
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. The Regional Government of Andalusia announced it would begin legal action against the company for breach of local labor laws.
Delphi sued its investors for US$2.55 billion in securities to aid Delphi as it sought to come out of bankruptcy in May 2008. U.S. 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. In April 2009 CoolIT Systems announced the acquisition of the assets of Delphi Thermal Liquid Cooling including intellectual property, machinery, and equipment.
Delphi's core assets were purchased by a group of private investors to create a new Delphi Corporation in October 2009. Some of its non-core steering operations sold to General Motors Company, the successor to the bankrupt Motors Liquidation Company that used to be the old General Motors Corporation. The stock was cancelled. The old Delphi Corporation was renamed DPH Holdings Corporation. The new Delphi incorporated in the United Kingdom.
Delphi sold its Thermal Business unit to Mahle-Behr GmbH in July 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. The company announced improvements to self driving technology under development in December 2015. In the same month Delphi bought HellermannTyton for 1.7 Billion.
Delphi entered into a partnership agreement with Carbon in June 2016 to allow use of Carbon's Continuous Liquid Interface Production technology and printers. The company then bought the self-driving startup NuTonomy for $450 Million in October 2017. The company spun off its powertrain division and aftermarket related businesses (now Delphi Technologies) in December 2017 and changed its name to Aptiv PLC.
- "Signal and Power Solutions (Formerly Electrical/Electronic Architecture)" provides complete vehicle electrical systems, integrating wiring and cable assemblies, electrical centers and connection systems.
- "Advanced Safety and User Experience (Formerly Electronics & Safety)" provides advanced software and sensing systems, computing platforms, advanced safety systems and automated driving, user experience and infotainment, as well as other vehicular electronic controls.
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. 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.
In 2009, as a result of its bankruptcy agreement, "Delphi surrendered its pension obligations to the Pension Benefit Guaranty Corp." A group of about 20,000 salaried employees, principally in Ohio, Michigan, New York and Indiana, have been involved in litigation since then seeking restoration of their full pension rights.
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. 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).
- "Car tech firm Aptiv moving global HQ from UK to Dublin". IE: RTE News. 2 May 2018. Retrieved 2 May 2018.
- "Year-End Financial Statements 2018". Delphi. Retrieved 6 February 2019.
- "A G.M. Unit Is Renamed". Bloomberg News. Retrieved 7 July 2018.
- "Delphi Automotive Chapter 11 Petition" (PDF). PacerMonitor. PacerMonitor. Retrieved 31 May 2016.
- "SEC delisting order". Sec.gov. Retrieved 15 April 2012.
- "Delphi to close Spain factory, cut jobs". BusinessWeek. 23 February 2007.
- "Closure of the Delphi undertaking in Puerto Real, Cádiz, Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission".
- "Zarrías dice que no permitirá que Delphi 'se ría de Andalucía'". Terra. 23 February 2007.
- "Judge allows Delphi to pursue claims against investors". Chicago Tribune. 29 July 2008. Retrieved 29 July 2008.
- Lewis, Rob. "CoolIT puts new money to work". Techvibes. Retrieved 26 February 2016.
- "CoolIT Systems Acquires Delphi Liquid Cooling Assets". Business Wire. Retrieved 26 February 2016.
- "DPH Holdings Corporation". Kurtzman Carson Consultants LLC. Retrieved 30 March 2010.
- Stoll, John D.; McKinnon, John D. (8 August 2014). "Delphi Vows to Protect U.K.-Based Status, Fight IRS; IRS Says Automotive Supplier Should File Taxes as a U.S.-Based Company". Wall Street Journal (Online). New York, N.Y., United States. Retrieved 12 January 2017.
- "MAHLE Group | Delphi Thermal is now part of the MAHLE Group" (Press release). Germany: MAHLE. 1 July 2015. Archived from the original on 4 June 2016. Retrieved 15 May 2016.
- Gardner, Greg (11 December 2015). "Delphi's self-driving Audi SQ5 to showcase new features". Detroit Free Press. Retrieved 13 December 2015.
- "Delphi Automotive Agrees to Buy HellermannTyton for $1.7 Billion". New York Times. 30 July 2015. Retrieved 31 July 2015.
- Molitch-Hou, Michael (3 June 2016). "Automotive Giant Delphi Leverages Carbon 3D Printing for Prototyping and More". Engineering.com. Retrieved 9 December 2016.
- "Delphi Buys Self-Driving Startup NuTonomy for $450 Million". US: Bloomberg. 24 October 2017. Retrieved 12 June 2018.
- "Delphi Technologies Set to Join S&P MidCap 400 and Frontier Communications to Join S&P SmallCap 600" (PDF). US: S&P Dow Jones Indices. 28 November 2017. Retrieved 28 November 2017.
- "Delphi CFO Resigns, to Restate Results". Fox News. 5 March 2005. Archived from the original on 25 July 2014. Retrieved 29 October 2013.
- Vlasic, Bill (28 March 2014). "An Engineer's Eureka Moment with a GM Flaw". The New York Times.
- Gnau, Thomas (11 March 2018). "Delphi retirees still fighting for pensions". Dayton Daily News. Retrieved 2 December 2018.
- "Ener1 Acquires 100% of Lithium-ion Battery Maker". Sustainable Business. US. 15 August 2008. Retrieved 12 January 2017.
- "Political Economy Research Institute". Peri.umass.edu. Archived from the original on 1 October 2011. Retrieved 15 April 2012.
- Toxic 100 detailed company report (Toxics Release Inventory) Archived 24 December 2008 at the Wayback Machine
- Aptiv website
- SEC Litigation Release
- Slate article on bankruptcy
- DPH Holdings Corporation, the website for the old Delphi Corporation which now concerns its bankruptcy case.
- Business data for Aptiv plc: