UPDATE 1-Delphi to record $952 million noncash charge

Newswire

(Recasts, adds details on charges and background, and changes dateline from WASHINGTON) CHICAGO, Jan 31 (Reuters) - Bankrupt auto parts maker Delphi Corp. said on Tuesday it would take $952 million of noncash asset and goodwill impairment charges, because of its rapid financial decline in 2005. Delphi in October filed the biggest bankruptcy in U.S. automotive history, aiming to slash wages and benefits and close some operations to reorganize its money-losing domestic unit. International ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Delphi to record $952 million noncash charge" 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.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×