Delphi “leaner and more nimble” after Chapter 11 restructure

Delphi’s vice president has announced the company’s emergence from Chapter 11 as a privately owned entity to the European automotive aftermarket.

Frank Ordoñez made a personal appearance at the Equip Auto Exhibition in Paris this week where he briefed the trade and journalists on Delphi’s new structure.

Delphi went into Chapter 11 administration in 2005 and it has taken four years to reorganise the company, shedding unprofitable operations and narrowing its focus onto key areas of expertise.

Ordoñez said that the company is now “a more agile, nimble and resilient company” with a focus on “providing innovative solutions to real world challenges”.

It has streamlined its OE product lines from 27 down to 10 and has diversified its client base so that no single customer accounts for more than 15% of Delphi sales.

The company’s product portfolio remains centered on electronics and safety; powertrain; thermal; electrical and electronic systems; OE service; and the independent aftermarket.

Delphi has a “bright future” as a private company, said Ordoñez.

In 2009 Delphi booked in aftermarket and OEM programmes worth more than US $4bn and has committed to spending 11% of sales on engineering and R&D in 2010.

Look out for your November issue of CAT mag for background and analysis

Published by emmabutcher

Emma has been CAT's editor since January 2008. There isn't much she doesn't know about the aftermarket - and her favourite topic is definitely BER!

HALFORDS’ FY RESULTS: BIKES UP, CAR PARTS DOWN

Strong results from chain, though predicting supply and demand has ‘presented its own challenges’

Read More

FIX AUTO NEWTON ABBOT OPENS SHUTTERS

Bodyshop owner Louise Woolacott and her daughters open second Fix Auto franchise in Devon

Read More

ARNOLD CLARK AUTOPARTS DONATES TO RNLI TROON

Craig McCracken donates a bike to lifeguard and a monkey to Troon lifeboats

Read More

GS YUASA TO CREATE 100 JOBS IN WALES

Company investment and government grant helps firm expand Ebbw Vale factory

Read More

SUPPLIER NEWS: NEMESIS TAKES ON MOTUL

Branded product distributor to stock lubricant brand as Motul expands UK presence

Read More

Go to comments

Your email address will not be published. Required fields are marked *