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CSK Auto delays report over accounting errors
YAHOO
Reuters - Auto parts retailer CSK Auto Corp. said on Monday it is postponing release of its fourth-quarter and fiscal 2005 financial results to review accounting errors discovered in an internal audit, sending its stock down as much as 9 percent.
Auto Parts News
Up to 17,000 Delphi workers retirement-eligible
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. expects about 17,000 U.S. blue-collar workers, half of its U.S. total, to be eligible for retirement programs from its various unions, it said in court papers.
Auto Parts News
GM Selling Majority Stake in Part of Unit
YAHOO
AP - General Motors Corp. said Thursday that it is selling a majority interest in its commercial mortgage division for $1.5 billion in cash to a private investment group.
Auto Parts News
Delphi, GM Offering Early Retirement Buyouts For Up To $140,000
AHN
Julie Farby - AHN Staff Writer Detroit, Michigan (AHN)—General Motors Corp. and auto parts supplier Delphi Corp. announced deals with the United Auto Workers that would help the struggling companies cut labor costs by offering early-retirement buyouts to 113,000 U.S. hourly workers. The...
Auto Parts News
Dissident Delphi investor challenges board
YAHOO
Reuters - One of the largest shareholders in auto parts supplier Delphi Corp. on Thursday said the company had overstated its liabilities when seeking bankruptcy protection and demanded that it convene its annual meeting for 2005 as soon as possible.
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Auto Parts News Union officials see progress, but no Delphi deal
YAHOO
Reuters - There are signs of progress in the three-way talks between bankrupt auto parts supplier Delphi Corp., General Motors Corp. and the United Auto Workers union, but no deal is yet in sight, union officials said on Wednesday after a closely watched meeting.
Sources: YAHOO
Auto Parts News UAW says it is not close to deal with Delphi, GM
YAHOO
Reuters - The United Auto Workers union on Thursday said it was not close to a cost-cutting agreement with bankrupt auto parts maker Delphi Corp. and automaker General Motors Corp.
Sources: YAHOO
Auto Parts News AutoZone quarterly earnings rise 3 percent
YAHOO
Reuters - AutoZone Inc. , the largest U.S. auto parts retailer, on Wednesday said quarterly earnings rose 3 percent as sales at stores open at least one year edged higher.
Sources: YAHOO
Auto Parts News Delphi delays motion to void union contracts
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. on Friday said it would delay to the end of March filing court papers to void its labor contracts and cut retiree benefits, citing progress in talks with its unions and former parent General Motors Corp.
Sources: YAHOO
Auto Parts News GM and UAW in talks over jobs for Delphi workers: paper
YAHOO
Reuters - General Motors Corp. and the United Auto Workers union are working on an early-retirement program that would allow bankrupt auto parts maker Delphi Corp. to shift workers back to the automaker, the Detroit Free Press said on Saturday.
Sources: YAHOO
Auto Parts News Visteon posts quarterly profit on facility sales
YAHOO
Reuters - Auto parts maker Visteon Corp on Friday posted a quarterly net profit after recognizing a $1.83 billion gain on the sale of plants and other facilities to former parent Ford Motor Co. in 2005.
Sources: YAHOO
Auto Parts News Delphi CEO says GM helping in union talks
YAHOO
Reuters - General Motors Corp. will likely financially help bankrupt auto parts supplier Delphi Corp. in negotiations with its union, Delphi's chief executive officer said late on Monday.
Sources: YAHOO
Auto Parts News Financier Ross sees bad patch for auto parts sector
YAHOO
Reuters - Billionaire investor Wilbur Ross on Wednesday forecast a bleak 2006 for the U.S. auto parts sector, saying the year could be a "perfect storm" for companies wracked by bankruptcies in 2005 and facing possible declines in overall auto sales this year.
Sources: YAHOO
Auto Parts News Delphi posts loss in monthly report to court
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. posted a $127 million net loss in the period from its Chapter 11 filing in early October through the end of November, the company said on Friday.
Sources: YAHOO
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