Bankruptcy Information





Reorganization Home On October Delphi and certain of its domestic U S subsidiaries have filed voluntary petitions for business reorganization under chapter of the U S Bankruptcy Code The filing only involves Delphi's U S wholly owned operating subsidiaries and should not materially affect the company's non U S subsidiaries Delphi is not going out of business Our chapter business reorganization is well financed well planned and well organized We intend to utilize the chapter process to preserve the value of the company and complete its transformation plan designed to resolve Delphi's existing legacy issues and the resulting high cost structure of its U S operations Our customers worldwide can be assured that we will continue to meet their quality scheduling delivery and production needs in a timely manner Our customers should expect to receive the same superior engineering for which Delphi is known We remain committed to developing technology and new products and providing our customers worldwide with our unparalleled customer support We encourage you to explore this section and check it regularly for updates on reorganization Below are the entities that were included in the filing Delphi Corporation ASEC Manufacturing General Partnership ASEC Sales General Partnership Aspire

INTERNATIONAL EDITIONS AUGUST     STORY TOOLS   RELATED ITEMS NEWS ANALYSIS & COMMENTARY NEWS ANALYSIS & COMMENTARY Bankruptcy Is Delphi's Trump Card Will the prospect of Chapter for the parts maker force concessions from GM? At first glance you'd think Delphi Corp 's recent hiring of turnaround specialist Robert S Steve Miller Jr as its chairman would be good news for General Motors Corp After all GM still buys gear worth billion annually from its troubled former parts unit But in recent years Miller was quick to restructure distressed parts maker Federal Mogul Corp and Bethlehem Steel Corp by seeking bankruptcy protection for both And the last thing GM Chairman and Chief Executive G Richard Wagoner Jr needs right now is for his biggest supplier to head into Chapter Indeed a bankrupt Delphi would only add to GM's own financial woes Miller claims that many of Delphi's parts contracts with GM are unprofitable and if Delphi were to file for bankruptcy Miller says he could cancel the money losers Plus if Delphi could no longer fund its obligations to its union retirees until September it could stick GM with up to billion in pension and health care benefits that

} This Client Alert is designed to provide current information for our clients friends and their advisers regarding important legal developments The foregoing discussion is general information rather than specific legal advice Because it is necessary to apply legal principles to specific facts always consult your legal adviser before using this discussion as a basis for a specific action DELPHI CORPORATION FILES BANKRUPTCY A Memorandum to Our Clients and Creditors of Delphi Corp Prepared by the Business Restructuring Services Department October Delphi Corp Files For Chapter Bankruptcy Protection Delphi Corp the world’s second largest automotive parts manufacturer and of its domestic subsidiaries filed voluntary petitions for relief under chapter of the Bankruptcy Code on Saturday October in the United States Bankruptcy Court for the Southern District of New York Delphi will continue to operate its businesses and manage its properties while in bankruptcy Delphi’s non U S subsidiaries are not included in Delphi’s bankruptcy filing and will continue to operate their businesses outside the supervision of the Bankruptcy Court According to documents filed with the Bankruptcy Court Delphi had global revenues of approximately billion and global assets of billion Delphi employs over people worldwide Domestically Delphi employs over people

Delphi News Bankrupt U S auto parts maker Delphi Corp posted a million net loss for February the company said in a limited operating report filed with the U S Bankruptcy Court on Friday PM SCOTTS VALLEY Calif †CodeGear has said that Delphi ® for PHP †an integrated visual Rapid Application Development environment for the popular PHP Web development language †is now shipping worldwide AM CALGARY ALBERTA Delphi Energy Corp is pleased to announce that it has filed its Annual Information Form for the year ended December which includes certain reports relating to its reserves data and other oil and gas information as required by National Instrument Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators PM Warren based Delphi Packard Electric Electronic Architecture and Youngstown State University officials announced Thursday they have renewed the research agreement first signed in AM Labor relations at Delphi Corp are back in the spotlight as the United Auto Workers wraps up its annual meeting in Detroit AM Warren based Delphi Packard Electric Electronic Architecture and Youngstown State University officials announced Thursday they have renewed the resear AM The United Auto Workers president said his union is



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