Published

Delphi Looks for Acquisitions

Delphi Automotive plc says it may spend as much as $3 billion this year on acquisitions related to its electronics, safety and powertrain operations.
#electronics

Share

Delphi Automotive plc says it may spend as much as $3 billion this year on acquisitions related to its electronics, safety and powertrain operations.

CEO Kevin Clark tells Reuers an acquisition worth at least $1 billion is likely this year. He says the company will make smaller investments in software.

Delphi's first-quarter revenue fell 3% to $3.8 billion. Operating income rose 1% to $446 million. Net income plunged 66% to $229 million.

The company now expects this year's revenue to total about $15.5 billion, down from the $15.8 billion median it predicted earlier this month, because of unfavorable exchange rates.

RELATED CONTENT

  • TRW Multi-Axis Acceleration Sensors Developed

    Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.

  • Lincoln Corsair Takes Flight

    “We wanted to create a dramatic, youthful Lincoln with terrific harmony.” And with the Corsair, they’ve accomplished what they set out to do.

  • Ford GT Display Development

    As you are unlikely to ever be in one of these: (and I’m not implying my odds for getting there are much better), you’re unlikely to ever see this, the 10-inch wide all-digital display in the Ford GT: Speaking to the development of TFT LCD display, Jamal Hameedi, chief engineer, Ford Performance, said, “Driver focus and attention are key with such high performance.

Gardner Business Media - Strategic Business Solutions