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History
The following section is an excerpt from Wikipedia's Aptiv page on 5 May 2019, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
The business was established as the Automotive Components Group in 1994 and changed its name to Delphi Automotive Systems in 1995. Delphi disclosed some irregular accounting practices in 2005. A number of executives, including CFO Alan Dawes, resigned. Delphi Chairman J.T. Battenberg retired. Delphi then filed for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. As a result of this action, the Securities and Exchange Commission granted an application by the New York Stock Exchange to delist Delphi's common stock and bonds.
Plants in Puerto Real, Cádiz, Spain, closed, with a loss of 1,600 direct jobs, and more than 2,500 indirect jobs in February 2007, despite having agreed to continue its manufacturing operations until 2010 and receiving more than €25 million from various public administrations in order to guarantee its workers' jobs. The Regional Government of Andalusia announced it would begin legal action against the company for breach of local labor laws.
Delphi sued its investors for US$2.55 billion in securities to aid Delphi as it sought to come out of bankruptcy in May 2008. U.S. Bankruptcy Judge Robert Drain in New York allowed Delphi to seek payments through a contract against Appaloosa Management LP as well as denying an investors' request for a cap of $250 million for damages. In April 2009 CoolIT Systems announced the acquisition of the assets of Delphi Thermal Liquid Cooling including intellectual property, machinery, and equipment.
Delphi invented the Quadrasteer system used in some GM pickups and Suburbans between 2002 and 2005. Delphi's core assets were purchased by a group of private investors to create a new Delphi Corporation in October 2009. Some of its non-core steering operations sold to General Motors Company, the successor to the bankrupt Motors Liquidation Company that used to be the old General Motors Corporation. The stock was cancelled. The old Delphi Corporation was renamed DPH Holdings Corporation. The new Delphi incorporated in the United Kingdom.
Delphi sold its Thermal Business unit to Mahle-Behr GmbH in July 2015. Together, the Mahle-Behr and Delphi Thermal merger represented the second largest supplier of automotive thermal management systems including interior HVAC components, under-hood powertrain cooling and compressors. The company announced improvements to self driving technology under development in December 2015. In the same month Delphi bought HellermannTyton for 1.7 Billion.
Delphi entered into a partnership agreement with Carbon in June 2016 to allow use of Carbon's Continuous Liquid Interface Production technology and printers. The company then bought the self-driving startup NuTonomy for $450 Million in October 2017. The company spun off its powertrain division and aftermarket related businesses (now Delphi Technologies) in December 2017 and changed its name to Aptiv PLC.
| >Date | Report Name | Authors/Organization | File |
|---|---|---|---|
| 2 December 2009 | Examining the Delphi Bankruptcy's Impact on Workers and Retirees Hearing before the Subcommittee on Health, Labor and Pensions, Committee on Education and Labor - United States House of Representatives |  PDF - 722KB - 58 pages | |
| 13 July 2010 hearing date | After the Financial Crisis: Ongoing Challenges Facing Delphi Retirees Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services U.S. House of Representatives | PDF - 6.8MB - 167 pages | |
| 14 November 2011 hearing date | Delphi Pension Fallout: Federal Government Picked Winners and Losers, So Who Won and Who Lost? Hearing Before the Committee on Oversight and Government Reform U.S. House of Representatives | PDF - 3.4MB - 127 pages | |
| 3 July 2012 | High Performance Three-Fluid Vehicle Heater United States Patent US 8,210,246 B2 Mohinder Singh Bhatti, Mark James Zima, and Prasad Shripad Kadle for Delphi Technologies, Inc. | PDF - 810KB - 8 pages | |
| 10 July 2012 hearing date | The Administration’s Auto Bailouts and the Delphi Pension Decisions: Who Picked the Winners and Losers? Hearing Before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs of the Committee on Oversight and Government Reform U.S. House of Representatives | PDF - 8.1MB - 209 pages | |
| 4 September 2012 | Audio System Configured to Fade Audio Outputs and Method Thereof United States Patent US 8,259,962 Michael Thomas Augustyn and Kavya H. Narayan for Delphi Technologies, Inc. | PDF - 1.0MB - 14 pages | |
| 4 September 2012 | Vehicle Entertainment System Having Ground Noise Reduction and Method of Operating Same United States Patent US 8,259,952 Michael Thomas Augustyn, Dennis L. Kinkead, and B. Neal Rhodes for Delphi Technologies, Inc. | PDF - 788KB - 9 pages | |
| 10 June 2013 hearing date | The Delphi Pension Bailout: Unequal Treatment of Retirees Hearing Before the Subcommittee on Government Operations of the Committee on Oversight and Government Reform U.S. House of Representatives | PDF - 2.5MB - 78 pages | |
| 11 September 2013 hearing date | Oversight of the SIGTARP Report on Treasury’s Role in the Delphi Pension Bailout Hearing Before the Subcommittee on Government Operations of the Committee on Oversight and Government Reform U.S. House of Representatives | PDF - 8.4MB - 222 pages | |
| 16 July 2015 | To: Alice Maroni, Pension Benefit Guaranty Corporation From: Congressman John Boehner, et al. | PDF - 615KB - 2 pages |
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