DELPHI CORP ! Ein Riese erwacht!

Hätte das jetzt nicht mal halten können ???  

aber leider wird hier ohne entsprechende news nur wenig passieren....
man, man hoffentlich kommt da bald was.
aber wenn überhaupt heute noch news kommen dann wohl erst heute abend  

...mitnahmen halt schon wieder. Aber trotzdem hätte nicht so viele soviel gekauft, wenn da nichts dran wäre ...  

will einfach nicht zünden ....schitt  

Auf ein neues, morgen oder so.

 

 

330.000 stück wird sich in den allerwertesten beissen....
na ja, vielleicht auch nicht wenn das ding heute abend mit 5 doller  schließt...lol  

 

bin dabei, kleine Zockerposi 0,107.
Rechne erstmal mit 14 Tagen halten.
Viel erfolg.
Grüße 123  

17.01.2008 20:13
Creditors OK Delphi's bankruptcy plan
NEW YORK (AP) - Auto parts supplier Delphi Corp. (News) said Thursday it has won approval from nearly all of its creditors for its plan to emerge from Chapter 11 bankruptcy protection.

The Troy, Mich.-based company is seeking a federal judge's approval of the plan in a two-day hearing in New York that started Thursday. Among the objections Delphi faced were protests by labor unions over a management compensation plan that gives valuable equity stakes in the reorganized company to top executives.

Delphi reported that 81 percent of about 4,000 eligible creditors who voted on the plan have endorsed it.

Although such a large percentage of creditors accepted the plan, Delphi could face a challenge in court since the approval was not unanimous.

One class of creditors in the company's diesel systems unit rejected the plan, and another class could be determined to have rejected the plan, depending on whether the court allows certain contested ballots to be counted.

'Although no assurances can be made, Delphi believes that the plan satisfies the requirements of the bankruptcy code and is confirmable notwithstanding the rejection of the plan by certain classes,' the company stated in its announcement.

U.S. Bankruptcy Judge Robert Drain approved a settlement on Thursday that Delphi had reached earlier with bondholders, removing one of the obstacles to the company emerging from bankruptcy. Delphi agreed to pay certain fees and expenses to bondholders as part of the deal.

The company on Thursday also said it has reached an agreement to sell its wheel bearings business to Resilience Capital Partners for up to $44.2 million. The deal includes the sale of assets such as machinery, inventory, intellectual property and certain supplier contracts.

In a bankruptcy court filing, the company said it expected to have a $6.1 billion exit loan in place by early next month.

General Motors Corp. spun off its parts-making operations as Delphi in 1999.


Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


 

...diese super news, wenn nix dabei rauskommt. Es scheint, als glaube niemand wirklich an ein wiederkommen der Firma Delphi.  

wird wohl nun der 21.01 sein. Bis dahin erwarte ich keine grösseren Schwankungen im Kurs. Kommen dann die richtigen News, glaube ich auch an Riesensprünge nach oben.
 

auch noch warten ....
aber dann sollte endlich ein entscheidung vorliegen sonst werde ich narrisch...  

Delphi's Miller didn't expect $8.3 million bonus
Fri Jan 18, 2008 8:36pm EST  Email | Print | Share| Reprints | Single Page | Recommend (-) [-] Text [+]



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¥ € $ - Learn. Practice. Trade.NEW YORK (Reuters) - The former CEO and now Chairman of Delphi Corp (DPHIQ.PK: Quote, Profile, Research) on Friday testified he had no expectation he would receive an $8.3 million cash award for helping steer the company through bankruptcy, because he didn't expect the company to file for bankruptcy in the first place.

"When I signed on, I had no expectation we'd go into Chapter 11," Steve Miller testified on Friday. "I had no expectation I would be eligible for an emergence bonus," he said.

Miller testified as part of an ongoing hearing in U.S. Bankruptcy Court in Manhattan to consider the auto parts company's reorganization plan.

Miller, who was succeeded as CEO last year by Rodney O'Neal, stands to get $8.3 million cash upon the company's emergence from bankruptcy, according to court documents. O'Neal would receive $5.3 million, with more than 500 other executives also eligible for bonuses.

Miller became CEO of Delphi in mid-2005, and the company filed for bankruptcy that October.

Asked by a lawyer representing a union that has objected to the bonuses whether he would accept his bonus in stock instead of cash, Miller said: "I decided I would accept it as cash. I would have a preference for cash."

"So would the creditors," said Tom Kennedy, a lawyer representing the IUE-CWA union.

Delphi on Friday defended the plan to pay about $87 million in bonuses to executives upon the company's emergence from Chapter 11 protection.

Lawyers for unions that oppose the bonus plan tried to show the bonuses were too high, and were based on comparisons to companies that were too different from Delphi to serve as models.  Continued...


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22.01.08
Delphi erweitert Vereinbarung mit VaST
VaST Systems und Delphi haben ihre Zusammenarbeit erweitert. Delphi wird künftig Lösungen von VaST zur Virtualisierung von Automotive-Systemen einsetzen. Qualität und Verlässlichkeit sollen damit erhöht werden.

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Delphi Electronics & Safety Division verwendet VaSTs Lösungen bei der Entwicklung von ECU-Software (electronic control unit). Durch den Einsatz von VaSTs Virtualisierungslösungen soll sich der Software-Design-Prozess besser kontrollieren lassen.

Wie Frank Winters, Electronics & Safety Manager of Design Methodology bei Delphi, erläuterte, nimmt die Software-Komplexität bei Elektroniksystemen im Auto stark zu. Gleichzeitig steigt die Erwartung, die Produktqualität zu verbessern. Die Lösungen von VaST helfen Delphi, die Komplexität zu beherrschen.

Jeff Roane, Vice President of Marketing bei VaST, gab an, dass sich mit Delphis Entscheidung, die Lösungen von VaST einzusetzen, ein Trend in der Industrie hin zu virtualisierter Entwicklung elektronischer Systeme abzeichne. Er zeigte sich sehr erfreut darüber, dass Delphi als führender Anbieter im Bereich Automobilelektronik Produkte aus einem der wichtigsten Marktsegmente von VaST verwende.  

 

Judge gives conditional approval of auto-parts supplier Delphi plan to exit bankruptcy
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By Vinnee Tong, The Associated Press

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NEW YORK - A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives.


The company's plan is a reorganization blueprint that largely shifts its manufacturing to cheaper overseas plants and eliminates tens of thousands of union jobs in the U.S.


Delphi hopes to emerge from court protection before the end of March but must first secure exit financing in a tough credit market. An executive said it expected to get a commitment for US$4.5 billion in financing by Tuesday but there was no indication on Monday that the company was close to securing the loans.


Delphi supplies some of the world's biggest automakers, including General Motors, Ford, Volkswagen and Hyundai. Its restructuring plan was created assuming a market value for the company of $12.8 billion, or $59.61 a share.


U.S. Bankruptcy Judge Robert Drain told Delphi to slash executive cash bonuses to a total of $16.5 million from a proposed $87.9 million, which the company had intended to distribute to more than 500 managers upon emergence.


The exit plan stands on several key pillars: a commitment by equity investors to inject up to $2.55 billion, a deal with former parent General Motors Corp. over legacy labour obligations and agreements with labour unions that led to a massive reduction in the size of the unionized work force. Still missing is $4.5 billion of a total exit financing package worth roughly $6 billion in loans that Delphi needs before it can emerge.


The reorganization plan was approved last week by 81 per cent of about 4,000 eligible creditors who voted. One class of creditors rejected it.


The judge let stand the part of the company's compensation proposal that gives more than 500 managers stock totalling eight per cent in the reorganized Delphi.


The United Auto Workers union argued the compensation plan was unfair to union workers, many of whom took early retirement or buyout offers in order to help the company get out of bankruptcy.


Lawyer Peter DeChiara said UAW workers did not sacrifice all they did to give management a windfall at the end of the case. "It's a double standard Delphi uses in approaching compensation for its executives versus its hourly employees," DeChiara said.


The UAW and other unions saw the elimination of 27,000 of 33,000 jobs over the course of the case.


"Communities throughout the Midwest have been deeply impacted, families devastated," said Thomas Kennedy, a lawyer for the International Union of Electronic-Communications Workers of America.


Executive compensation was the most significant change to corporate bankruptcy law under a reform act put into effect in 2005, just nine days after Delphi filed for bankruptcy. The change was designed to prevent companies from giving executives retention bonuses.


The company's own compensation consultant, Nick Bubnovich of Watson Wyatt Worldwide, said Friday the cash bonus plan had some characteristics of a retention program, and that he knew of no other company in bankruptcy that rewarded such a large number of executives for emergence.

 

22.01.2008 23:55
Delphi's factories, workers
(AP) - UNION EMPLOYEES: As of Sept. 30, Delphi (News) employed roughly 18,500 hourly employees, down from 33,000 when it entered court protection in October 2005. Of the current hourly workers, 16,200 are represented by the United Auto Workers; 1,600 by the International Union of Electronic Workers of America, and 700 by the United Steelworkers.

When it emerges from bankruptcy, the company expects to employ a total of 6,000 union workers.

REMAINING FACTORIES: The following eight factories are ones Delphi will continue to own and operate in the U.S.

-- Brookhaven, Miss.

-- Clinton, Miss.

-- Grand Rapids, Mich.

-- Kokomo, Ind.

-- Lockport, N.Y.

-- Rochester, N.Y.

-- Vandalia, Ohio

-- Warren, Ohio

SLATED FOR CLOSURE: Two sites are still open but will ultimately be closed.

-- Flint, Mich.

-- Needmore Road in Dayton, Ohio

COMPLETED DIVESTITURES: The company has completed the sale of five plants or product lines.

-- New Brunswick, N.J.

-- Global catalyst business in Tulsa, Okla.

-- Saltillo brake plant in Mexico

-- Brake hose business at Home Avenue plant in Ohio (The mounts business is being marketing for sale and continues to operate out of the Home Avenue plant.)

-- U.S.-Canadian brake business in Spring Hill, Tenn.

CLOSURES: Ten sites have been closed.

-- Anaheim, Calif.

-- Anderson, Ind.

-- Coopersville, Mich. (consolidated into Grand Rapids location)

-- Fitzgerald, Ga.

-- Moraine, Ohio

-- Olathe, Kan.

-- Milwaukee E&S operation consolidated at Kokomo but powertrain operations remain at the site

--Columbus, Ohio (will close Dec. 31, 2007)

-- Laurel, Miss.

-- Wichita Falls, Texas

INTERIORS BUSINESS: Delphi expects to sell its global interiors and closures business in the first quarter of next year. Four plants are part of this business.

-- Adrian, Mich.

-- North Kansas City, Mo.

-- Orion, Miss.

-- Gadsden, Ala.

FOR SALE: One plant and part of another are for sale.

-- Sandusky, Ohio

-- Mounts business at Home Avenue plant in Ohio


 

Report: Delphi cleared to exit bankruptcy if it cuts bonuses

By Shawn Langlois
Last update: 4:52 p.m. EST Jan. 22, 2008Print  RSS Disable Live Quotes

SAN FRANCISCO (MarketWatch) -- A federal judge on Tuesday reportedly said he would approve Delphi Corp.'s (DPHIQ:DPHIQ
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DPHIQ, , ) plan to emerge from bankruptcy once it drastically cuts its cash bonuses to top executives. U.S. Bankruptcy Judge Robert Drain told the auto-parts maker to slash its payouts to a total of $16.5 million from a proposed $87.9 million, according to the Associated Press. Delphi had intended to distribute that amount to more than 500 managers after its exit from bankruptcy. The reorganization plan was approved last week by 81% of the about 4,000 eligible creditors who voted.  

Delphi sales revenue in China tops $13.8 B, up 40% y-o-y

Updated: 2008-01-23   Source:Gasgoo




Keywords: Auto.. Ford.. auto parts..

Global auto part supplier giant Delphi has sold more than RMB 10 billion ($13.8 B) worth auto parts products to Chinese automakers last year, up 40 percent from one year earlier, the Shanghai-based Wenhui Daily reported today.

Delphi supplier auto parts products to some leading automakers in China, like FAW-VW, Shanghai VW, Shanghai GM, Changan Ford and Dongfeng.

Delphi entered Chinese market in 1993. By April of 2007, Delphi¡¯s total investment in China topped $500 million; the global auto parts giants operates 17 business units, which include an investment company, a global R&D center, a technology service center, a trading company and 13 production units.

Last month, Shanghai Delphi Automotive Air Conditioning Systems Co. (SDAAC), China's largest auto air conditioning system supplier, has signed a three-way joint venture deal with two partners in Beijing. The new factory to be built will have an annual capacity of 200,000 auto air conditioners, local media Auto Weekly reported yesterday.

Under the agreement signed on December 28, 2007, Shanghai Delphi will hold a 51 stake in the joint venture while Beijing Automotive Industry Holding Corp (BAIC) or Beiqi will hold a 40 stake and a local auto parts supplier Beijing Guanghua Shiyuan Co will hold the remaining 9 percent.



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Delphi's Plan for Reorganization Approved by Judge (Update2)

By Christopher Scinta and Erik Larson

Jan. 22 (Bloomberg) -- Delphi Corp., the auto-parts maker once owned by General Motors Corp., won a federal judge's approval of its reorganization plan, allowing it to emerge from bankruptcy by the end of next month.

U.S. Bankruptcy Judge Robert Drain in Manhattan today signed off on the plan, clearing the way for Troy, Michigan-based Delphi to fully repay creditors more than two years after it sought court protection. The approval was contingent on a change to the executive compensation plan demanded by its unions, Drain said.

``We regret having to object to confirmation,'' United Auto Workers lawyer Peter DeChiara said. ``Delphi left us no choice.''

The company resolved or had overruled objections from creditors and shareholders who balked at earlier changes to the reorganization plan, including those triggered by a $2.55 billion investment in the auto-parts maker by a group led by private- equity firm Appaloosa Management LP.

Under the plan, existing stockholders are to receive new securities the proposal estimates to be worth $348 million. Delphi, GM, creditors and shareholders agreed last month that the auto-parts maker's total enterprise value after bankruptcy will be about $13.3 billion. Delphi said it plans to emerge from bankruptcy by Feb. 28.

About 500,000 creditors voted on the plan earlier this month. The company said all but one out of 17 classes voted for the plan by the required two-thirds majority based on amount of claims. The ``no'' vote came from unsecured creditors of the company's Delphi Diesel Systems unit.

Win Confirmation

Drain said his approval relied on Delphi making changes to executive compensation provisions to reduce cash payments triggered by emergence. The United Auto Workers and the International Union of Electronic Workers-Communications Workers of America objected to payments to the company's management.

Delphi must cut cash payments to more than 500 managers to $16.5 million from $87 million, the judge said. He didn't demand changes to stock-based incentives. Drain criticized Delphi's compensation consultant for not considering data that didn't support large payouts.

The auto-parts maker had predicted it may still win confirmation of the plan by using the so-called cram-down process, under which a ``no'' vote can be overcome if the company can prove creditors will receive more under the plan than through a liquidation.

Cram Down Plan

Delphi was allowed to cram down the plan on creditors that voted against it because the company contributed value so the company can retain equity interest, Delphi attorney John Butler Jr. said.

Delphi said Jan. 17 that it reached a deal with Davidson Kempner Capital Management LLC, Whitebox Advisors LLC and other holders of its bonds, resolving their objection to its turnaround plan. In exchange, Delphi agreed to pay the group's legal fees up to $5 million.

Delphi attorney John Butler Jr. said the settlement saves the cost of a potentially lengthy court fight over the value of the company. Separately, Drain overruled a request by Wilmington Trust Co., the trustee for Delphi's senior notes, to set a ``sunset date'' for the plan if he chooses to confirm it.

Delphi was unable to obtain $7.1 billion in exit financing it originally sought, first cutting the amount to $6.8 billion and then $5.2 billion. The company said Jan. 7 it would reduce the amount of the loan further because its cash position had improved.

Equity in Delphi's reorganized business will be worth about $7.8 billion. A prior version of Delphi's plan assumed an equity value of $13.4 billion and a ``distributable equity value'' of $8.1 billion.

Delphi reported a $231 million net loss in November, bringing the total net loss for 11 months of 2007 to $2.8 billion.

The company sought court protection under Chapter 11 in October 2005, listing $19.1 billion in debt in its amended schedules of property and liabilities.

Delphi fell 1.5 cents to 15.5 cents in over-the-counter trading.

The case is In re Delphi Corp., 05-44481, U.S. Bankruptcy Court, Southern District New York (Manhattan).

To contact the reporter on this story: Erik Larson in New York at elarson4@bloomberg.net ; Christopher Scinta in New York bankruptcy court at cscinta@bloomberg.net .

Last Updated: January 22, 2008 17:49 EST
 

.......Under the plan, existing stockholders are to receive new securities the proposal estimates to be worth $348 million. Delphi, GM, creditors and shareholders agreed last month that the auto-parts maker's total enterprise value after bankruptcy will be about $13.3 billion. Delphi said it plans to emerge from bankruptcy by Feb. 28. ......
 

Alle guten News sind da, diesmal bin ich von einem deutlichen Anstieg überzeugt. Vielleicht etwas verzögert, aber es kommt. 

 

Daumendrücken Kollegen, wir haben aufs richtige Pferd gesetzt! 

 

Delphi sales revenue  in China tops $13.8 B, up 40% y-o-y

Global auto part supplier giant Delphi has  sold more than RMB 10 billion ($13.8 B) worth auto parts products to Chinese  automakers last year, up 40 percent from one year earlier, the Shanghai-based  Wenhui Daily reported today  China setzt auf Delphi, das ist wichtig und gut. (für uns ;) )   

Wednesday, January 23, 2008 - 9:11 AM EST
Judge advances Delphi plan, with conditionBusiness First of Buffalo - by Thomas Hartley Business First
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A bankruptcy court judge said that he would approve the bankruptcy exit plan of Delphi Corp. after it drastically cuts controversial executive bonuses.

The plan by the Michigan-based parent of Delphi Thermal Systems in Lockport is a reorganization blueprint that shifts some auto parts production to overseas plants and eliminates thousands of U.S. union jobs -- while preserving the Lockport operation and several others, including two in Rochester and suburban Henrietta.

Delphi supplier hopes to emerge from court protection by end of March but must secure financing in a tough credit market.

News services reported that U.S. Bankruptcy Judge Robert Drain told Delphi to cut cash bonuses for executives to $16.5 million from a proposed $87.9 million, that the company had intended to distribute to more than 500 managers.

Among them is Delphi Chairman Steve Miller, who is to receive an $8.3 million cash award for helping steer the parts supplier through bankruptcy. CEO Rodney O'Neal stands to get $5.3 million.

 

Emergency federal grant to aid Delphi workersThe Business Journal of Milwaukee
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The U.S. Department of Labor announced Wednesday an emergency grant of more than $1.8 million, with an initial release of $598,241, to Wisconsin to assist approximately 400 workers affected by the closure of Delphi Corp.'s Oak Creek plants.

"This $1.8 million grant will enable Wisconsin workers who have been affected by the closures to get the help they need to find new jobs," said U.S. Secretary of Labor Elaine Chao.

On June 22, 2007, Troy, Mich.-based Delphi Corp. announced the closure of its electrical and safety division. On Sept. 9, 2007, Delphi announced it would also close its powertrain division. As of Nov. 27, 2007, affected workers from both of these divisions had been certified as eligible for the Trade Adjustment Assistance (TAA) program.

The grant, awarded to the Wisconsin Department of Workforce Development, will provide re-employment services not covered under the TAA program. Services may include assessment, career counseling and case management. Services available to these workers under TAA may include training, job search allowances, relocation allowances and a health coverage tax credit, among others.