Aptiv
 | |
| Company type | Public Template:Pinksheets |
|---|---|
| Industry | Automotive |
| Founded | 1997 in Troy, Michigan, USA |
| Headquarters |  Troy, Michigan, USA |
Key people | Rodney O'Neal, CEO, COO Robert S. Miller, Chairman Robert J. Dellinger, CFO |
| Products | vehicle electronics, systems,modules, & components |
| Revenue |  $550 Million USD (2006) |
1,263,000,000 United States dollar (2022)  | |
| 594,000,000 United States dollar (2022) | |
Number of employees | 171,400 |
| Website | www.delphi.com |
Delphi is an automotive parts company headquartered in Troy, Michigan, USA. Delphi is one of the largest automotive parts manufacturer and has approximately 185,000 employees (50,000 in the United States).
With offices worldwide, the company operates 167 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices, and 33 technical centers in 38 countries.
Delphi makes the Monsoon premium audio systems found in some GM and other manufacturer automobiles.
History
Delphi was spun-off from General Motors on May 28, 1999. On October 8, 2005, Delphi filed for Chapter 11 bankruptcy.
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.[1] The stock now trades over the counter on the Pink Sheets electronic exchange.
On March 31, 2006, Delphi announced it would sell off or close 21 of its 29 plants in the United States. The eight plants it intends to keep are located in Brookhaven, Mississippi; Clinton, Mississippi; Grand Rapids, Michigan; Kokomo, Indiana; Lockport, New York; Rochester, New York; Warren, Ohio; and Vandalia, Ohio, though even these plants will endure wage cuts and suffer workforce reductions.
Corporate structure and leadership
Delphi is structured into the following groups:
- Consumer Products
- Manufacturer Products
- Aftermarket & Dealer Products
Current members of the board of directors of Delphi are: Martin E. Welch, John H. Walker, Craig G. Naylor, Raymond J. Milchovich, David N. Farr, John D. Engler, Robert H. Brust, Oscar De Paula Bernardes Neto, John D. Opie, Rodney O'Neal, and Robert S. Miller (chairman).
Rodney O'neal is also the chief executive officer of the company (since January 1, 2007), replacing Robert S. "Steve" Miller.
Corporate issues
Delphi illegally shut down its plant in Puerto Real, Cádiz (Spain)[2], shortly after receiving multiple government aid packages and having agreed to continue its manufacturing operations until 2010. The Andalusian regional government announced it will begin legal action against the company for breach of local labor laws. [3]
Consumer electronics
Delphi is a major player in the XM Satellite Radio and GPS market. Among their most widely recognized (and advertised) products are:
- Mobile Navigation
- NAV200 (portable GPS)
- TNR800 (in-dash GPS)
- Mobile Video
- Satellite Radio
- MyFi (portable XM)
- Roady XT (XM)
- SkyFi2 (XM)
- SkyFi3 (XM)
- XM Signal Repeater
Manufacturer Products
Delphi manufactures the MagneRide suspension dampers, which use ferrofluid to adjust the damping rate of the shock absorbers based on road conditions, to offer an effective compromise between ride and handling [4]. These can be found on the Audi R8 [5], Audi TT, Chevrolet Corvette C5, Cadillac Seville STS and Ferrari 599.
References
- ^ SEC delisting order
- ^ "Delphi to close Spain factory, cut jobs", BusinessWeek, February 23, 2007
- ^ "Zarrías dice que no permitirá que Delphi 'se ría de Andalucía'", Terra.es, February 23, 2007
- ^ "Delphi MagneRide" Delphi Website
- ^ "Audi R8 Features Delphi's Revolutionary MagneRide Semi-Active Suspension" Delphi Press Release
External links
- Delphi Monsoon Premium Audio for automobiles