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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.
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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.
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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.
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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...
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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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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
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
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
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
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
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
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
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
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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