Delphi Posts $2,400,000,000 Loss For 2005
July 11, 2006
Those that follow SDARS are familiar with Delphi. They supply satellite radio hardware to automobile manufacturers and their name is badged on some popular XM Satellite radio plug and play units.
Today Delphi announced the loss in a delayed fiming. The loss is an improvement over the $4,800,000,000 loss reported in 2004.
Delphi recently announced a buy-out program for workers, and the success of that program has been seen as a positive for the company in the midst of reorganization.
7/11/2006 04:51:00 PM
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