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Website: http://www.delphi.com Delphi is a world leader in mobile electronics and transportation components and systems technology. The company was a division of General Motors before it was incorporated in 1998 and made independent from GM in 1999. Delphi conducts its business operations through various subsidiaries and has headquarters in Troy, MI, Paris, Tokyo and São Paulo, Brazil. Delphi's two business sectors Dynamics, Propulsion, Thermal & Interior Sector and Electrical, Electronics, & Safety Sector - provide comprehensive product solutions to complex customer needs. Delphi has approximately 171,000 employees and operates 159 wholly owned manufacturing sites in 36 countries countries. Delphi makes devices for cars including electronics, air bags and satellite radio receivers that can be installed in vehicles. Delphi also has a medical systems division that develops technology such as respirators and dialysis machines. In 2006, Delphi had revenues of $26.3 billion with a net loss of $5.4 billion. As a former division of GM, Delphi is a big customer of GM and it accounts for over half of the company's revenues. Delphi is trying to reduce its reliance on GM business by growing revenue from other sources. The company does supply parts for Toyota, Mercedes-Benz and Ford cars. Delphi filed for Chapter 11 bankruptcy reorganization in 2005 due to high costs and heavy losses. Declining sales at GM and American automakers have hurt the company. Delphi announced last year it would close 8 plants in the U.S. Updated July 8, 2007 |