Tag Archives: delphi

Senate Hearing to Roast Mary Barra, Mike Millikin, Rodney O’Neal Tomorrow

Posted on 16 July 2014 by Ken Zino

In testimony leaked ahead of the hearing, Millikin claimed, “We had lawyers at GM who didn’t do their jobs, didn’t do what was expected of them.” Those lawyers are among the 15 people dismissed and are no longer with General Motors. Continue reading →

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NHTSA Fines GM a Paltry $35 Million for Ignition Switch Fiasco

Posted on 16 May 2014 by Ken Zino

GM also faces billions in criminal penalties. Recently Toyota Motor agreed to pay a $1.2 billion fine in a controversial plea agreement with the U.S. Department of Justice whereby Toyota Motor Corporation admits to lying to consumers and U.S. safety regulators about unintended acceleration in its cars during the fall of 2009 and early 2010. Continue reading →

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DOE Gives Delphi $3.7m in Taxpayer Funds for Laser Tooling

Posted on 12 June 2012 by Ken Zino

Delphi Automotive (NYSE: DLPH) announced today that the company has been awarded a $3.7 million grant from the U.S. Department of Energy (DOE) to develop an energy-efficient method for micro-machining complex shapes. Using laser technology, the new manufacturing process will enable enhanced production in Delphi’s gasoline direct injection (GDi) fuel injectors. The Obama Administration’s DOE grants are politically contentious in this election year. Continue reading →

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Delphi Reports Q1 Profits are Up 9% to $578 Million

Posted on 24 April 2012 by Ken Zino

In the first quarter of 2012, Delphi’s corporate credit ratings were raised to ‘BB+’ from ‘BB’ by Standard and Poor’s and to Ba1 from Ba2 by Moody’s Investor Services, both junk ratings with a stable outlook. Delphi’s stated goal is to achieve an investment grade credit rating. Continue reading →

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GM Sells its Stake in Delphi Automotive for $3.8 Billion

Posted on 31 March 2011 by Ken Zino

General Motors Company (NYSE: GM) late today announced the sale of its Class A Membership Interest in Delphi Automotive LLP (Delphi) back to Delphi for $3.8 billion. Continue reading →

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