Bracing for the inevitable downturn in the automotive market, Delphi Automotive Systems Corp. says it will revamp or sell as much as $5 billion in businesses and may announce more temporary layoffs as weakening aftermarket and vehicle sales erode earnings through 2001. Delphi Chief Executive J.T. Battenberg III says he does not know how much of the $5 billion in businesses under review would be sold, but the units — which account for one-sixth of Delphi's 2000 sales — must be No.1 or No.2 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.