(Redirected from Delphi Corporation)
'Delphi' is an
automotive parts company headquartered in
Troy, Michigan,
USA. Delphi is one of the world's largest automotive parts manufacturers 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. Englar,
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.
Environmental record
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.
[2] According to the study, the manufacturer's most toxic emissions include
asbestos (542 lbs/year),
chromium compounds (1082 lbs/year),
lead compounds (8466 lbs/year), and
sulfuric acid (17,600 lbs/year), while the most massive emissions are
glycol ethers (111,520 lbs/year) and
hydrochloric acid (80,000 lbs/year).
[3]
Corporate issues
In February 2007 the multinational Delphi Automotive Systems Holding Inc. announced the closure of its plant in
Puerto Real,
Cádiz, Spain, with a loss of 1600 direct jobs and more than 2500 indirect jobs.
[4] despite having agreed to continue its manufacturing operations until 2010 and receiving more than EUR 25 million from various public administrations in order to guarantee its workers' jobs.
[5]
The
Andalusian
autonomous government announced it would begin legal action against the company for breach of local labor laws.
[6]
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 family
★
★ MyFi (''portable XM'')
★
★ Myfi 2 (''3rd generation of XM2go'')
Roady Family
★
★ Roady (''XM'')
★
★ Roady 2 (''XM'')
★
★ Roady XT (''XM'')
★
★ Roady XT 2 (''XM'')
Skyfi Family
★
★ Skyfi (''XM'')
★
★ SkyFi2 (''XM'')
★
★ SkyFi3 (''XM'')
★ XM Signal Repeater
Manufacturer Products
Delphi designs, engineers and manufactures a wide variety of components, integrated systems and modules on a worldwide basis, and is the largest and most diversified supplier of automotive parts. In January 2000 Delphi acquired the diesel systems business of Lucas TRW, making Delphi the world's second largest manufacturer of Diesel Fuel Injection equipment. Delphi Diesel owns the brands of CAV/Simms/RotoDiesel and Condiesel, the division also runs 10 subsidiary distribution companies in Brazil, China, France, Germany, Italy, Spain, Mexico, Turkey, UK and USA. The diesel aftermarket company is headquartered in Warwick UK.
Delphi also 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
[7]. These can be found on the
Audi R8 [8],
Audi TT,
Chevrolet Corvette C5,
Cadillac Seville STS and
Ferrari 599.
References
1. SEC delisting order
2. Political Economy Research Institute
3. Toxic 100 detailed company report (Toxics Release Inventory)
4. "Delphi to close Spain factory, cut jobs", BusinessWeek, February 23, 2007
5. "Closure of the Delphi undertaking in Puerto Real, Cádiz", Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission
6. "Zarrías dice que no permitirá que Delphi 'se ría de Andalucía'", Terra.es, February 23, 2007
7. "Delphi MagneRide" Delphi Website
8. "Audi R8 Features Delphi's Revolutionary MagneRide Semi-Active Suspension" Delphi Press Release
External links
★
Delphi website
★
SEC Litigation Release
★
Slate article on bankruptcy
★
Website concerning Delphi's ongoing bankruptcy case
★
Delphi Monsoon Premium Audio for automobiles