Full Description

Delphi Corporation (Delphi), incorporated in 1998, is a global supplier of mobile electronics and transportation systems, including powertrain, safety, thermal, controls and security systems, electrical/electronic architecture and in-car entertainment technologies. Delphi is a supplier of vehicle electronics, transportation components, integrated systems and modules, and other electronic technology. The Company also provides systems-based solutions to vehicle manufacturers. Delphi operates in six segments: Electronics and Safety, Powertrain Systems, Electrical/Electronic Architecture, Thermal Systems, Automotive Holdings Group, and Corporate and Other. The Company’s product lines include controls & security (body controllers & security systems, mechatronics and displays), electrical/electronic architecture (electrical/electronic distribution systems, connection systems and electrical centers), entertainment & communications (audio, navigation and telematics), powertrain (diesel and gas engine management systems), safety (occupant protection systems and safety electronics) and thermal (climate control & powertrain cooling). In October 2009, the Company emerged from Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court.

Electronics and Safety

Electronics and Safety segment offers a range of electronic and safety equipment in the areas of controls, security, entertainment, communications, safety systems and power electronics. Its controls and security products primarily consist of body computers, security systems, displays and mechatronics (interior switches, integrated center panel and gear shift sensors). The Company’s entertainment and communications business primarily consists of advanced reception systems, digital receivers, satellite audio receivers, navigation systems, rear-seat entertainment and wireless connectivity. Delphi’s safety systems primarily consist of airbags, occupant detection systems, collision warning systems, advanced cruise control technologies, safety electronics, seat belts and steering wheels. Its power electronics primarily consist of power modules, inverters and converters and battery packs.

Delphi competes with Continental AG, Denso Corporation, Valeo Inc., Bosch Group, Autoliv Inc. and TRW Automotive.

Powertrain Systems

The Powertrain Systems segment offers products for complete engine management systems (EMS) to help optimize performance, emissions and fuel economy. Its gasoline and diesel EMS portfolio features fuel injection and air/fuel control, valve train, ignition, sensors and actuators, transmission control products, and powertrain electronic control modules with software, algorithms and calibration. The Company’s diesel EMS product line offers common rail system technologies. It supplies fuel handling systems for gasoline, diesel, flexfuel and biofuel configurations.

The Company competes with Bosch Group, Denso Corporation, Magneti Marelli Powertrain USA, Inc. and Continental AG.

Electrical/Electronic Architecture

Delphi’s Electrical/Electronic Architecture segment offers electrical/electronic architectures for its customer-specific needs. The Company’s connectors are engineered primarily for use in the automotive and related markets, but also have applications in the aerospace and military, and telematics sectors. Its electrical centers provide centralized electrical power and signal distribution, and all of the associated circuit protection and switching devices. The Company’s distribution systems are integrated into one optimized vehicle electrical system utilizing smaller cable and gauge sizes, and ultra-thin wall insulation.

The Company competes with Yazaki Corporation, Sumitomo, Lear Corporation, Molex Inc. and Tyco International.

Thermal Systems

The Thermal Systems segment offers thermal system and component solutions for the automotive market, and develops applications for the non-automotive market. Delphi’s automotive thermal products are designed to meet customers’ needs for powertrain thermal management and cabin thermal comfort (climate control). Its powertrain cooling products include condenser, radiator and fan module assemblies and components, which include radiators, condensers and charge air cooling heat exchangers. Its climate control portfolio includes heating, ventilation and air conditioning (HVAC) modules, with evaporator and heater core components, compressors and controls.

The Company competes with Behr GmbH & Co. KG, Denso Corporation, Valeo Inc. and Visteon Corporation.

Automotive Holdings Group

The Automotive Holdings Group segment comprises of select plant sites and non-core product lines that the Company seeks to sell or wind-down. Its sales are predominantly to General Motors Corporation (GM) or Tier 1 suppliers, which sell the Company’s products to GM.

The Company competes with GKN Driveline and NTN Corporation.