TROY, MI – Wall Street and much of the auto industry have failed to take notice, but Delphi Corp. has come a long way since it won independence five years ago from General Motors Corp. on May 28, 1999. Since that time, the supplier, whose world headquarters towers over Interstate 75 here in suburban Detroit, has jettisoned dozens of operations that were non-competitive while investing heavily in more promising sectors such as electronics. Delphi CEO Battenberg says being No.1 is not ...

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