Delphi RIP! Edit: Not really...

tsk1979 · 12th October 2005, 13:51

Delphi has filed for chapter 11.
The announcement lead to tumbling down of GM stock by 10%. If the company is broken up, it may deal a fatal blow to GM, therefore they are trying hard to salvage whatever they can.
Even Tata Dicor comes under a cloud. Looks like TATA chose the wrong company to partner with.

AvinashKeezh · 12th October 2005, 14:00

that sure is some news....
i had been in the assumption that delphi has some real sound financial policies.... but hey, it seems they just are a bunch of techies with not much business acumen.. guys.. if i've offended someone... please pardon me...
ak

Steeroid · 12th October 2005, 14:19

Quote:

Originally Posted by AvinashKeezh

it seems they just are a bunch of techies with not much business acumen..

It was the unions, actually...read up on the Delphi bankruptcy and you will realise the role of the trade unions.

AvinashKeezh · 12th October 2005, 15:06

Quote:

Originally Posted by Steeroid

It was the unions, actually...read up on the Delphi bankruptcy and you will realise the role of the trade unions.

i just read through the news article, i'm sorry for not having made that before i posted on the thread...

ak

idrive · 12th October 2005, 15:42

sad because they had already outsourced quite a few jobs to India. If i remember right almost 100 million dollars revenue was being accrued from india itself. Its asia-pac revenue was almost 1 billion. But i guess things came a little too late for Delphi to reinvent itself. According to the news reports, GM might opt in and restructure and elect to pay some of the benefits. This would mean that 90% of Delphi's development post bankruptcy (if it survives) might come from asia pac including india.

veyron1 · 12th October 2005, 17:20

not much cause of concern for the indian subsidiary, actually; there has been a follow up news, which quoted all the worldwide subsidiaries of delphi, saying that they will not be affected.

which means, in a nutshell- the indian subsidiary is safe, and is also expecting fresh infusion of a bucketload of funds within the next year; and also, the U.S division is expected to be up and bouncing within a year....tata, should be heaving a sigh of relief...

devarshi84 · 13th October 2005, 03:44

Delphi is not dead yet people. Its just under supervision and bank financing. This a good thing in the States where the company doesnt go down so early.

I have read the Delphi was in trouble since the beginning when GM made it an independent unit.

Steeroid · 13th October 2005, 11:05

Quote:

Originally Posted by devarshi84

This a good thing in the States where the company doesnt go down so early.

Yeah the US of A is probably the only country where a company declares itself bankrupt and continues doing business...look at all those 'bankrupt' airlines!

They usually file Bankrupt more for protection than to cease doing business. Usually it means protection from overzealous unions.

Samir Taheer · 10th December 2008, 17:06

Reviving an Old Thread - But i just came across this one and realised 3yrs on and Delphi is still in Chapter 11....

A friend of mine working with the company thinks 2009 will be the final straw for Delphi USA and the rest of the group might be bought out by Bosch...

TeddyBear · 10th December 2008, 20:46

Chapter-11 is just a painful process to revive the company & Business. The business (Production & Sales) will continue as usual, only restructuring will happen, like mass lay-offs. FYI the famous Hersheys Chocolate company filed Chapter-11 not once or twice but thrice and many more famous brands have filed Bankrupt and regained a top slot.

Without Delphi - BOSCH will monopoly the industry.

greenhorn · 7th October 2009, 06:42

It appears the reports of Delphi's demise have been greatly exaggerated

Delphi exits bankruptcy | detnews.com | The Detroit News

discoverwild · 7th October 2009, 08:38

The topic is very misleading in today's context. Can moderators please change the heading to something more appropriate?

ACM · 7th October 2009, 10:03

Yep the thread header needs a revision.

Actually the mods must be constantly reviewing the various thread headers from the past threads in recent context.

12th October 2005, 13:51	#1
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	Delphi RIP! Edit: Not really... Delphi has filed for chapter 11. The announcement lead to tumbling down of GM stock by 10%. If the company is broken up, it may deal a fatal blow to GM, therefore they are trying hard to salvage whatever they can. Even Tata Dicor comes under a cloud. Looks like TATA chose the wrong company to partner with.
	() Thanks

12th October 2005, 14:00	#2
AvinashKeezh BHPian Join Date: Aug 2005 Location: Bangalore Posts: 234 Thanked: 11 Times	that sure is some news.... i had been in the assumption that delphi has some real sound financial policies.... but hey, it seems they just are a bunch of techies with not much business acumen.. guys.. if i've offended someone... please pardon me... ak
	() Thanks

12th October 2005, 15:42	#5
idrive Newbie Join Date: Sep 2005 Location: bangalore Posts: 19 Thanked: 0 Times	sad because they had already outsourced quite a few jobs to India. If i remember right almost 100 million dollars revenue was being accrued from india itself. Its asia-pac revenue was almost 1 billion. But i guess things came a little too late for Delphi to reinvent itself. According to the news reports, GM might opt in and restructure and elect to pay some of the benefits. This would mean that 90% of Delphi's development post bankruptcy (if it survives) might come from asia pac including india.
	() Thanks

12th October 2005, 17:20	#6
veyron1 Senior - BHPian Join Date: Mar 2005 Location: Mumbai Posts: 1,424 Thanked: 52 Times View My Garage	not much cause of concern for the indian subsidiary, actually; there has been a follow up news, which quoted all the worldwide subsidiaries of delphi, saying that they will not be affected. which means, in a nutshell- the indian subsidiary is safe, and is also expecting fresh infusion of a bucketload of funds within the next year; and also, the U.S division is expected to be up and bouncing within a year....tata, should be heaving a sigh of relief...
	() Thanks

13th October 2005, 03:44	#7
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 211 Times View My Garage	Delphi is not dead yet people. Its just under supervision and bank financing. This a good thing in the States where the company doesnt go down so early. I have read the Delphi was in trouble since the beginning when GM made it an independent unit.
	() Thanks

10th December 2008, 17:06	#9
Samir Taheer BHPian Join Date: Sep 2008 Location: London & Pune Posts: 459 Thanked: 278 Times	Reviving an Old Thread - But i just came across this one and realised 3yrs on and Delphi is still in Chapter 11.... A friend of mine working with the company thinks 2009 will be the final straw for Delphi USA and the rest of the group might be bought out by Bosch...
	() Thanks

10th December 2008, 20:46	#10
TeddyBear BHPian Join Date: Oct 2007 Location: horamavu Posts: 409 Thanked: 41 Times	Chapter-11 is just a painful process to revive the company & Business. The business (Production & Sales) will continue as usual, only restructuring will happen, like mass lay-offs. FYI the famous Hersheys Chocolate company filed Chapter-11 not once or twice but thrice and many more famous brands have filed Bankrupt and regained a top slot. Without Delphi - BOSCH will monopoly the industry.
	() Thanks

7th October 2009, 06:42	#11
greenhorn Senior - BHPian Join Date: Apr 2007 Location: KL-01 Posts: 7,745 Thanked: 4,402 Times View My Garage	It appears the reports of Delphi's demise have been greatly exaggerated Delphi exits bankruptcy \| detnews.com \| The Detroit News Last edited by greenhorn : 7th October 2009 at 06:44.
	() Thanks

7th October 2009, 08:38	#12
discoverwild Senior - BHPian Join Date: May 2009 Location: BLR/CBE Posts: 1,296 Thanked: 3,650 Times	The topic is very misleading in today's context. Can moderators please change the heading to something more appropriate?
	() Thanks

7th October 2009, 10:03	#13
ACM Distinguished - BHPian Join Date: Mar 2008 Location: Mumbai Posts: 4,745 Thanked: 4,361 Times View My Garage	Yep the thread header needs a revision. Actually the mods must be constantly reviewing the various thread headers from the past threads in recent context.
	() Thanks