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

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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.

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