Delphi reports net loss of US$231M in November amid bankruptcy proceedings News AutoNews24h.com

Delphi reports net loss of US$231M in November amid bankruptcy proceedings

Auto News : Auto Industry : Delphi reports net loss of US$231M in November amid bankruptcy proceedings

Auto-parts supplier Delphi Corp. reported Monday a net loss of US$231 million for November.

The Troy, Mich., company, which filed for bankruptcy protection in 2005, said in a filing with the U.S. Securities and Exchange Commission that its net loss for the year amounted to $2.78 billion.

Delphi recorded about $1.15 billion in net sales for last month.

Delphi, America's biggest maker of auto parts, has been in Chapter 11 proceedings since October 2005 and aims to exit bankruptcy before the end of March.

The company was spun off in 1999 from General Motors Corp., which has borne a large chunk of Delphi's restructuring costs.

Find the new car you want on cars.com

Related news

Auto parts maker Delphi trims Q3 loss to US$1.2B as reorg costs decline

Delphi Corp. said Tuesday that its third-quarter net loss narrowed due to smaller expenses related to its reorganization under bankruptcy protection, but it continued to struggle against the effect of auto industry production ...

Auto parts maker Delphi Corp. monthly losses grow in September

Delphi Corp. filed a report showing that the auto-parts maker's monthly losses grew in September to US$673 million from $508 million in August. The Troy, Mich.-based company is working to ...

Mitsubishi Motors reports narrower loss for first half, aims for full year profit

Japan's troubled Mitsubishi Motors on Monday reported a narrower net loss of 16.1 billion yen (US$137 million) for fiscal first-half, compared to the same period last year, helped by favourable ...

Bankruptcy court confirms Dana Corp.'s plan to exit Chapter 11

A U.S. federal court on Wednesday confirmed Dana Corp.'s Chapter 11 reorganization plan, paving the way for the auto-parts supplier to emerge from bankruptcy by the end of January. After more than two ...

Japan auto parts maker resumes some production after quake

TOKYO (AP) _ A key Japanese auto parts supplier partially resumed operation Monday, a week after a major earthquake ravaged its production line but top carmaker Toyota said it will keep its ...

Kia Motors' 3rd quarter loss widens amid labour unrest, sales decline

Kia Motors Corp., South Korea's second-largest automaker, said Friday its third-quarter net loss widened from the year before on production losses due to labour unrest and a decline in sales. Kia Motors lost 55.1 ...

Daimler reports Q3 loss of US$2.18B on charges related to Chrysler deal

Automaker Daimler AG, which sold most of its stake in Chrysler earlier this year, posted a loss of 1.53 billion euros (US$2.18 billion) for the third quarter, largely because of writeoffs related to ...

Mitsubishi Motors reports smaller loss for April June quarter

TOKYO (AP) _ Scandal-marred Mitsubishi Motors said Monday losses for the April-June quarter shrank to 8.23 billion yen, or US$69.6 million, from the same period last year, boosted by growing sales in North ...

Run A Car On Water
Convert your car to run on water and gas to save over 40% on fuel costs!

Government & Police Auto Auctions
Find new and used cars up to 90% off retail value!

Get Paid To Drive
Drive a free new car or get paid up to 00 every month to drive your own car like you normally do.

Auto Price Quote
Get a free auto price
quote from Edmunds!