Delphi reports net loss of $231 million in Nov
Auto-parts supplier Delphi Corp. on Monday reported a net loss of $231 million (euro156.92 million) for November.
By Agencies |
NEW YORK: Auto-parts supplier Delphi Corp. on Monday reported a net loss of $231 million (euro156.92 million) for November.
The Troy, Michigan, company, which filed for bankruptcy protection in 2005, said in a filing with the Securities and Exchange Commission that its net loss for January through November amounted to $2.78 billion (euro1.89 billion).
Delphi recorded about $1.15 billion (euro780 million) in net sales for last month.
Delphi, the country's biggest maker of auto parts, has been in Chapter 11 bankruptcy proceedings since October 2005 and aims to exit bankruptcy before the end of March.
The company was spun off in 1999 from General Motors Corp., which has borne a large chunk of Delphi's restructuring costs.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
