Delphi Automotive registers for an initial public offering of $100 million on May 26. However, the final sale may raise more than $1 billion, the Detroit Free Press reports. Delphi, the former parts subsidiary of General Motors, emerged from bankruptcy in October 2009 and recently reported revenue of $4 billion and a profit of $291 million for the quarter that closed March 31. The latter is a 35% increase from the $215 million booked year-ago. Yokohama Tire names Yasushi Tanaka the ...
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