The US bankruptcy court for the southern district of New York entered an order confirming the first amendment joint plan of reorganization.įiled modifications to the first amendment joint plan of reorganization. Opened a joint venture which manufactures seat belts with Beijing Automotive Industry Holding Company Ltd. Opening of "China Technical Center (CTC)," the new R&D base in Shanghai, China.Īnnounced that it will dissolve a seatbelt joint venture with Ashimori Industry Co., Ltd. ("SDAAC") for approximately USD 14 million, which increased its equity ownership interest in SDAAC from 34 percent to 50 percent. Made an additional investment in Shanghai Delphi Automotive Air Conditioning Co. The Company's Chapter 11 cases were filed out in the US bankruptcy court.Įstablished a joint venture with a European brake system supplier, Roland Brake Systems, to produce brake lining in India. Sold all shares it held in Akebono Brake Industry Co., Ltd. operations, to Johnson Controls, for USD 202.5 million. Sold its battery product line, with the exception of two U.S.
will establish a new joint venture company in North America for design, production, and sale of wire harnesses. The Company and Furukawa Electric Co., Ltd.
Grundig is a full line producer of vehicle audio systems, telematics devices and other vehicle entertainment products. Spin-off from GM completed through the distribution of the Company's remaining shares owned by GM.ĭelphi Automotive Systems Corporation renamed as Delphi Corporation.Īcquired Grundig Car InterMedia System GmbH for approximately USD 39 million, net of cash acquired. GM transferred Delco Electronics to Company's business sector in connection with the spin-off by GM of its defense electronics business.Ĭompany was incorporated in Delaware as a wholly owned subsidiary of GMĬompany became an independent company in accordance with the terms of the Master Separation Agreement to which the Company and GM are parties.Ĭompany became a publicly held company through an IPO. The Company was formed as the "Automotive Components Group" when GM organized its components businesses. The new company, Motional, will focus on the development and commercialization of SAE Level 4 compliant automated vehicles. Hyundai and Aptiv have established a joint venture in March 2020 to develop and strengthen business in automated driving technology and automated vehicles.
Hybrid high voltage and safety distribution systems The Company is organized around the following core strategic product lines: Segment On December 4, 2017, the Company completed the separation of its former Powertrain Systems segment as a spin-off named Delphi Technologies PLC. It was incorporated in 1998 in anticipation of its separation from GM in 1999. The Company was established in 1991 as the "Automotive Components Group" when GM reorganized its components businesses. The Company designs and manufactures electrical and electronic products and provides active safety technology solutions. The Company is a leading global technology and mobility company which serves the automotive market.