Just saw on the Internet that Delphi is selling its brakes and suspension businesses to two Chinese companies and the Chinese government. Sale is set to close in fourth quarter. Does anybody know exactly which plants will be affected. Any of you bloggers doing work for this part of Delphi?
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delphi selling plants to China
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Posted 3 years ago #
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Is this really part of an ongoing turnaround for Delphi or just the latest move in its death by inches? If you ask me it's the latter. Earlier this month they agreed to sell their global steering business to GM, which will lower Delphi's leverage in dealing with GM - I think fatally so. If Delphi continues to sell itself off piece by piece, eventually what will be left?
Posted 3 years ago #
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