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Delphi Automotive (DLPH)

  • Thu, Feb. 19, 5:25 AM
    • Looking to expand its technology offerings for combustion engines, electric cars and fuel-cell vehicles, Mahle has agreed to buy Delphi Automotive's (NYSE:DLPH) heating and cooling business for about $727M in cash.
    • Mahle will integrate 13 plants in Europe, the Americas and Asia plus development centers in the U.S. and Luxembourg into its global network, and will acquire Delphi’s stake in a related joint venture in China under a separate deal.
    • DLPH +1.9% premarket
    • Previously: Report: Delphi to sell auto air conditioning businesses (Feb. 18 2015)
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  • Wed, Feb. 18, 5:46 PM
    • Delphi Automotive (NYSE:DLPH) reportedly has agreed to sell its automotive heating and cooling business to German competitor Mahle for more than $700M, with details of the sale to be announced as early as tomorrow.
    • DLPH also is said to have reached a separate deal to sell its Shanghai Delphi Automotive Air-Conditioning System to Mahle, but the financial details are not yet clear.
    • The sale would be the latest in a series of moves DLPH has taken to narrow its focus to drive research and development into higher margin product areas such as fuel cells and navigation systems.
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  • Nov. 26, 2014, 11:16 AM
    • Delphi's (DLPH -0.2%)sale of its air conditioning business, Delphi Thermo, is being complicated by potential problems with one its South Korean JV partners, Reuters reports.
    • Delphi's business has caught the eye of France's Valeo (OTCPK:VLEEY -0.2%), Germany's Mahle and Japan's Denso (OTCPK:DNZOY -0.1%) and a sale could fetch more than $700M.
    • The potential problems stem from the fact that Erae (a company which Delphi holds a JV with called Kdac) has also expressed interest in the business but is being sidelined from the process.
    • Delphi's Thermal Systems unit posted adjusted EBITDA of $80M on sales of $1.5B in 2013.
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  • Jun. 18, 2013, 2:05 AM
    Johnson Controls (JCI) is reportedly in talks with P-E firms about selling them its automotive electronics unit, which is valued at $1B, after industry interest weakened due to the unit's softer-than-expected performance. Delphi Automotive (DLPH) has pulled out the running, although Visteon (VC) and SAIC (SAI) subsidiary Huayu Automotive Systems are still involved.
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  • May. 24, 2012, 4:37 PM
    Delphi Automotive (DLPH) agrees to acquire the motorized vehicles division of FCI Group in a transaction valued at ~$972M. DLPH expects the acquisition to be accretive to 2013 EPS by $0.24.
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Company Description
Delphi Automotive PLC is engaged in the manufacturing of vehicle components. The Company's business segments areElectrical/Electronic Architecture, Powertrain Systems, Electronics and Safety and Thermal Systems.
Industry: Auto Parts