Ex-Delphi unit seeks distinction from GM
Steering division aims for fresh start

The once-giant auto parts supplier Delphi Corporation of Troy has emerged from its four-year long bankruptcy.

The company shed tens of thousands of jobs in that time period.

Jim Gillette is an auto industry analyst with CSM Worldwide. He says, simply put, Delphi was too big.

“It turns out that you’re much better off being very focused in what you do,” he says. “In other words, don’t try to bite off too many different technologies or product areas. Just become the best at what you do and produce those parts at a price that is competitive in the marketplace.”

The new Delphi will likely be less than a third its former size.

It will be owned by the investors and banks that funded the company’s bankruptcy reorganization.

Delphi almost certainly would have emerged from bankruptcy sooner, except investors and lenders stopped almost all activity last year, just as Delphi was prepared to exit from bankrutpcy court.