BorgWarner Inc. agreed to acquire Delphi Technologies for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.
January 28, 2020Business, Equipment
BorgWarner to Buy Delphi for $1.5B in Auto Parts Deal
Business, Technology, Equipment, Autonomous
Delphi Acquires Self-Driving Startup nuTonomy for $450 Million
Auto supplier Delphi Automotive said Oct. 24 it has acquired self-driving software startup nuTonomy Inc. for $450 million in an effort to speed the development of autonomous vehicles.
October 24, 2017Business
Delphi Asks Shareholders to Approve Name Change
Delphi Automotive asked shareholders to approve changing the name of the company to Aptiv.
October 10, 2017Business, Technology, Equipment, Autonomous, TCA
Delphi Spins Off, Renames Self-Driving Car Efforts as Aptiv
Delphi’s self-driving car efforts in Pittsburgh and elsewhere will go by a new name, the company announced Sept. 27.
September 28, 2017Business, Equipment
Delphi Realizes Fourth-Quarter Gains
Delphi Automotive reported strong gains in net income plus increased revenue in the fourth quarter, while full-year results were slightly mixed.
February 8, 2017TCA
Pennsylvania Gov. Tom Wolf Pledges $300 Million to Revitalize Philadelphia Port
Pennsylvania Gov. Tom Wolf announced a $300 million capital investment to existing terminals and operations at the Philadelphia port aimed at doubling container cargo capacity and creating about 2,000 more direct port jobs.
November 28, 2016Business, Equipment
Delphi’s Fourth-Quarter Profits Rise
Component maker Delphi Automotive PLC said its fourth-quarter profit and revenue increased on strong growth in North America and Asia.
February 4, 2014Business, Equipment
Delphi’s 3Q Profits Rise
Vehicle components maker Delphi Automotive PLC said its third-quarter profit increased on higher sales.
November 6, 2013Business, Equipment
Manufacturing in Philadelphia Expands at Slower Pace
Manufacturing activity in the Philadelphia Region expanded at a slower pace in October, the Federal Reserve Bank of Philadelphia said Oct. 17.
October 17, 2013Business, Equipment
Philadelphia Factory Index Expands for Third Month
Manufacturing activity in the Philadelphia region expanded for a third month in August, but at a slower rate than July, the Federal Reserve Bank of Philadelphia said Thursday.
August 15, 2013