Delphi Corp. says it is postponing a $300 million offering of its preferred stock because it says former parent General Motors Corp. sapped market demand with its own $17.6 billion offering. A Delphi spokeswoman tells Reuters the enormity of GM’s debt offering, which the auto maker hopes will replenish its under-funded U.S. pension plan, reduced market capacity to absorb any other offering. Delphi says it now will offer its stock in the third quarter. Delphi is hoping the $300 million ...

Premium Content (PAID Subscription Required)

"Delphi Postpones Stock Offering, Says GM Sapped Demand" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.