Delphi Automotive Plc fka DLPH

[Golden Cross]

50/200sma had a bullish cross yesterday...very bullish signal...$DLPH

Chart

$DLPH 50/200sma had a bullish cross yesterday...very bullish signal... pic.twitter.com/bpn97ie2y7

— 💸 Golden Cross Stocks 💸 (@CrossStocks) July 3, 2020

[sharky]

DLPH chart:






$DLPH

[sharky]

DLPH PUBLIC FLOAT 85.92M, SHORT INTEREST 13.69M 04/15/20




$DLPH

[sharky]

DLPH form 4's info:


https://www.secform4.com/insider-trading/1707092.htm



$DLPH

[sharky]

DLPH form 4's insiders buying




$DLPH

[ALERTS100%to10000%GAIN]

DLPH 14.37 RUNNING HARD

[whytestocks]

News: $DLPH Delphi Technologies reports first quarter 2019 financial results

LONDON , May 2, 2019 /PRNewswire/ -- Delphi Technologies PLC (NYSE: DLPH) ("Delphi Technologies" or the "Company"), a global leader in vehicle propulsion, today reported first quarter 2019 U.S. GAAP earnings of $0.18 per diluted share. Excluding special items, first quarter earnings ...

Find out more https://marketwirenews.com/news-releases/delphi-technologies-reports-first-quarter-2019-financial-results-8099624.html

[ACS Invest1]

Right on brother buy the fruit and then buy the tree, everyone on DNRG board is so clueless as to the vested interest of Delphi for DNRG to succeed

[GoldenMind]

Should be hearing news on this very soon

[magness]

Automatic shelf registration statement of securities of well-known seasoned issuers http://www.conferencecalltranscripts.org/no/summary/?id=2135712

[buylowsellhighcanada]

Delphi is making fuel cells for Dominovas Energy. (DNRG) this is such a big Company that this has almost been lost. But it's a big deal as DNRG was selected as the only fuel cell Company in the World by the president Obama African Energy Initiative.

[Mjmillions]

I agree. There's no reason it's down besides the sector is down. Profit taking imo.

[Mjmillions]

This stock is at a new high in a few weeks IMO.

[dirkie]

hi ,hold on on ARTS ,this will fly!!

[faisal4]

ok so they come out of bankruptcy and get delisted? perfect. I believe I made the last trade of the stock ever, just before it was halted. 25k share purchase at .0206 yep then I noticed no more trading. that was my quickest screw up ever.

[contrarian bull]

DPHIQ shares cancelled but still are trading ?

I didn't sell these before the deadline and now they show in my Schwab portfolio with a numeric symbol like my other dead stocks. But the price is changing as if it were still trading - latest quote was $.0401, up just a bit today but earlier it was up more.

Why would anyone offer 4 cents? And how do I see these trades? I can only see my holding value change and divide by shares to see the real-time quote. Schwab does not allow me to get quotes or trade this stock online.

Thanks!

[zweifler]

but here, you will never get any penny back. It`s delisted.

[surfingkid81]

Why Do Stocks Get Halted?

It is probably one of the worst feelings in the world. You own 1000 shares of a stock, and you hear that the stock has been halted. The absolute worst case scenarios race through your mind; you are certain that your investment is about to be flushed down the toilet.

Speaking in strictly percentage terms, normally a stock getting halted is not a good thing. Sometimes it can be a VERY good thing, but most of the time, you do not want to own a stock that has been halted. Let's look at some of the most common reasons for a stock to get halted, and why stocks are halted in the first place.

First off, why do stock exchanges halt stocks? It is because a major piece of news is about to be announced regarding the stock. The stock exchange wants to give people a fair amount of time to digest the information; they don't want major brokerages, who have access to the best and fastest information, being able to stampede out of a stock before the general public. They want the public to have an opportunity to digest the news before the stock is trading again.

The most common reason for a stock to get halted is if there is a really important piece of news coming out on the stock. Most of the time it seems as though this is bad news, but that isn't always the case. Let's take a company that has a drug in to the FDA for final approval. The stock may be halted while the FDA announces their decision, either good or bad. If they approve the drug, the stock will gap way up after the halt; if they reject the drug, it will gap way down.

Or, maybe a company is announcing that their CFO has been found to be embezzling funds from the company, and that there is an SEC investigation now ongoing. Most of the time, the stock will be halted to give the public a chance to digest the news.

In the rare case that an acquisition is announced during the middle of a trading day, the stock that is being acquired is usually halted. This exact situation happened to me once in the last 90's. I can't remember exactly what the stock was called, but I remember it was halted in the middle of the trading day, and I was expecting nothing but bad news. Fortunately, the news was that the stock was being a acquired at a substantial premium.

If a stock that you own is halted and announces decidedly bad news, it can be tempting to set a market order to sell for whenever the stock re-opens. Keep in mind though that normally this is the low of the day or close to it, as you will have thousands of people looking to do the same thing; selling out as soon as the stock opens. Market makers realize this, and will gap the stock down even lower to accomodate all of these sells. You would do well to wait for a few minutes and then enter your sell order, as usually you will receive a higher price for your shares.

[happymario]

yes they did

and i also know that i lost a lot of money ,150kshares 0.044 average

[stocky101]

What Happened, Did they halt the stock???

[happymario]

it seems they scare even more ,premarket 0.0149 64% down 700,000 shares

[decouverte d Elbe]

Can one of you guys please explain or send me a PM(I can't respond back)how you know that the shares will not be worthless, because I've been spngEbathed , afterwards I let myself getfuggued, and if these shares in Delphi are good I want in today, because I need a comeback. I haven't been able to find any evidence either way, except if it keeps trading today. Thanxz

[spokunfor]

I'm in 180k share @ .40...crossing fingers

[restripe]

Delphi exits bankruptcy after four years

[happymario]

Let's hope you are right.

[surfingkid81]

Today was just a dip, To scare everyone to sell there shares before they start going up up and away, Lets get this board talking

[surfingkid81]

Events

OCT 5-7, 2009
18th Aachen Colloquium "Automobile and Engine…
Aachen, Germany
OCT 6-7, 2009
Society of Automotive Engineers (SAE®) Brazil Congress 2009
São Paulo, Brazil
OCT 13-18, 2009
Equip Auto 2009
Paris, France
NOV 3-5, 2009
AAPEX (Automotive Aftermarket Products Expo) 2009
Las Vegas, NV, USA

[surfingkid81]

Press Releases
Delphi Aftermarket Appoints Director for the Delphi Service Center
In line with the expansion of its Delphi Service Center strategy, Delphi Product Delphi Product & Service Solutions names a Global Delphi Service Center Director.
Release Date: October 05, 2009

Cergy, France — Delphi Corp. announces the appointment, effective immediately, of Philippe Desnos as Global Delphi Service Center Director, Delphi Product & Service Solutions (DPSS). Desnos will be developing and implementing the aftermarket expansion strategy on the Delphi Service Center worldwide.

"With the appointment of Philippe Desnos, Delphi further strengthens its commitment to develop the Delphi Service Center in Europe and in other regions to further support the needs of the garages today," said Mike Rayne, Vice President Global Diesel Aftermarket. "He brings a wealth of knowledge in terms of network and distribution strategy and will be a great addition to the team."

Desnos has more than 15 years of experience within Delphi and a broad technical knowledge on Diesel Systems. He started his career in 1995 as an Engineer in the Diesel Systems organization and moved to service operations subsequently being appointed as Service Operations Manager in 2000 and to Engineering and Service Manager in 2001. As of early 2005, Desnos was transferred to the US to assume the position of Managing Director DPSS Diesel USA and Canada. Desnos has an MBA from Warwick University in the UK and a Master Degree in Engineering, from ESTACA University in France.

For more information about Delphi and its subsidiaries, visit Delphi's Media Room at www.delphi.com/media.

[surfingkid81]

Press Releases
New Delphi Diesel Test Equipment and Software Helps to Increase Service Dealer Profitability
Test Equipment Enhances Workshop Productivity
Extended Range Helps Nework To Embrace New Service Opportunities
Web-Based Advances To Information Technology
Release Date: October 05, 2009

PARIS, France — Workshops need increasingly sophisticated equipment and technical support to be able to offer a professional and profitable service to their customers. In recognition of this, Delphi is demonstrating at Equip'Auto 2009, a new range of high tech diesel test equipment and software that will enable its service dealer network to maximise performance in three key areas:

* Workshop productivity
* Service opportunities
* Information technology

"To meet more stringent emissions regulations, diesel fuel injection systems have become significantly more complex. This added complexity drives the need for higher standards and capabilities when testing and certifying the product during repair and overhaul," explains Mike Rayne, Vice President Global Diesel Aftermarket. "Delphi's engineering expertise, coupled with the experience and knowledge of its partners, has allowed us to launch a range of sophisticated test equipment that meets these requirements, whilst optimizing service dealer productivity."

New Test Equipment Enhances Workshop Productivity
Return on investment is essential. In support of this Delphi, in conjunction with its partner Hartridge, has introduced three new pieces of test equipment to enable its service dealer network to maximise workshop productivity, and thus help to secure a rapid return on investment.

* Authorised Test Plans for the CRp-PC Offers Dealers Second Test Bench Option
The Delphi authorised test plans for the CRp-PC, a stand alone platform that allows the testing of Delphi, Bosch, Denso and Siemens Common Rail pumps, will be launched in early 2010. The plans which will enable test and repair to OE specification, will be integrated onto Delphi's state of the art test plan software, IRIS. This will help service dealers to minimize test times, and will provide a second option for performing Delphi authorised Common Rail pump repair, alongside the flagship AVM2PC test bench.

The CRp-PC, launched earlier this year, is designed specifically to provide service workshops with an efficient and cost effective method of testing all makes of common rail pumps quickly and simply. This will free up time on other test benches, thus helping to improve workflow, deliver operational efficiencies and ultimately increase service dealer profitability.
*

New Auto Pressure Control for AVM2PC for Reduced Test Time
Installed on the Hartridge AVM2PC test bench, the new auto pressure control system offers the capability to run automatic, unattended testing of Common Rail pumps. This provides a number of major benefits to the workshop. Firstly, the system continuously controls the pressure, thereby reducing the need for manual operator intervention. This will result in a reduction of pump test time of up to 20%. It also supports the full automation of test plans. This will enable operators to perform additional tasks whilst the pump is being tested, thus dramatically improving workshop productivity. The Delphi authorised test plans for Auto Pressure Control will be launched on the IRIS platform in November.
* AVM2PC Test Plans Migrate to IRIS for Reduced Test Times
Launched in 2007 on the CRi-PC, Delphi is now integrating its IRIS software onto the AVM2, to ensure that all authorised Common Rail and Electronic Unit Injector repairers enjoy the many benefits of IRIS. The main advantages to the workshop include reduced test times, fully automated test plans and even more regular software updates, all of which will further enhance workshop productivity. Delphi's AVM2 test plans will be migrated to IRIS progressively. EUI is already available, and will be followed by Common Rail pump in November 2009 and Common Rail injector in 2010.

Extended Range Helps Network To Embrace New Service Opportunities
To enable our customers to take full advantage of the rapidly expanding diesel service opportunities, Delphi continues to launch new programmes:

*

New Solutions from Delphi for Servicing Petrol Injectors
Delphi is set to capitalise on a rapidly growing market for petrol injector and testing. It has teamed up with ASNU to offer a comprehensive test and service platform for modern petrol injectors. This brings together Delphi's superior knowledge on test and service requirements with ASNU's expertise in petrol injection.

The ASNU programme, which includes the ASNU Classic, Junior and GDI Upgrade Unit, provides both a cost effective solution for the vehicle owner and increased profitability for the garage. The price of petrol injectors has increased significantly during recent years. For many vehicle owners the cost of replacing faulty injectors with new is now prohibitive and therefore they will turn away from garages that cannot offer a service capability. Injector servicing also offers a more profitable solution to the garage than simply fitting new injectors. This will help guarantee a very quick return on investment and future profitability.

Advancements in petrol technology will result in more efficient engines that perform for longer at higher levels. These developments, combined with increasingly stringent emissions legislation, mean that the injectors will need servicing regularly to maintain performance levels. Coupled with a growing petrol parc, and the need to offer customers a cost effective service option, this presents a significant opportunity for the independent aftermarket.
*

C3i Injector Repair Now Available
Delphi is committed to providing test and repair solutions for all of its Original Equipment technologies, including the very latest Common Rail systems. The Common Rail injector repair programme has now been in operation for 3 years, covering the complete range of Delphi injectors with C2i coding since launch. This programme has now been extended to include the full range of C3i-coded injectors.

C3i injectors are fitted to popular vehicles such as the Peugeot 307, Citroën C4 and Mercedes C-Class. There are now in excess of 2.5 million units in the aftermarket, presenting a significant opportunity for the authorised network. In recognition of this, Delphi is providing its network with an all encompassing test and repair programme, including spare parts, test plans, tooling and training. Launched on the CRi-PC in August 2009, the programme will be extended to the AVM2PC platform in 2010.

Web-Based Advances To Information Technology
Access to the very latest technical information is an essential element in the success of today's diesel workshop. Direct Evolution is a software package from Delphi that gives the workshop direct access to documentation relating to the repair of diesel pumps and injectors. This includes repair manuals, test plans, service instruction and warranty notes, in addition to all of the vehicle application data, cross referencing and parts list information required in the day to day running of a modern diesel workshop. To date this information has been provided through a DVD based platform. However, in line with Delphi's commitment to continually develop its software, Direct Evolution will be available though the web in early 2010.

The move to an internet-based solution will provide customers with several major advantages. First and foremost, it will ensure customers have even more up-to-date information. Delphi already provides regular updates for Direct Evolution but with the new version, information such as application data and technical information notes will be updated on a daily basis. Secondly, no installation is required. With new Windows software released at regular intervals and potential conflicts with other software present on a PC, the installation of software DVDs can prove problematic. The move to a web-based system will eradicate these issues.

For more information, visit Delphi's Media Room at www.delphi.com/media.
For more information contact:
Delphi
Marie-Pierre Ygrie
[e-mail]
33 [0] 1 49 90 47 52

[bigarow]

DPHIQ Will break .09 next week.IMO.T/A tells me so.

[Arnold25764]

Anyone know whats up with this one? Starting to come around.

[LOL]

Delphi was just awarded $89.3M from the DOE!!! Now the big question is, are these shares worth anything???

[conestoga_days]

Do we know for sure yet if it will be canceled or not? I haven't seen anything official yet.

[Arnold25764]

Not if the current share structure will be cancelled.

[conestoga_days]

Is this exit from BK a good thing for shareholders?

[Chili Palmer]

Where is everyone?

[BUDDIEE18]

EU mergers and takeovers (July 3)
1 hour ago - Reuters
BRUSSELS, July 3 (Reuters) - The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:


APPROVALS AND WITHDRAWALS:

-- U.S. firm Safran USA, controlled by French aerospace company Safran SA SAF.PA, to acquire joint control of U.S. detection products company General Electric Homeland Protection, currently controlled by U.S. company General Electric (GE) (approved)


NEW LISTINGS:

-- U.S. private equity firm Platinum Equity LLC to acquire control of parts of bankrupt U.S. auto components maker Delphi Corp DPHIQ.PK (notified June 30/deadline Aug. 5)


EXTENSIONS AND OTHER CHANGES:

None


FIRST-STAGE REVIEWS BY DEADLINE:


JULY 7

-- Luxembourg-based steelmaker ArcelorMittal ISPA.AS to acquire sole control of Noble European Holdings BV, a Dutch subsidiary of U.S. tailor-welded blanks maker Noble International Ltd NOBLQ.PK (notified June 2/deadline July 7)


JULY 8

-- UK oil and gas company BP BP.L and U.S. chemical products company Dupont (DD) to acquire joint control of U.S. company Biobutanol LLC, which develops and licenses technology related to the commercial production of biobutanol (notified June 3/deadline July 8)

-- German healthcare and pharmaceutical group Celesio AG CLSGn.DE, controlled by Franz Haniel & Cie GmbH, to take sole control of Pharmexx GmbH, which provides temporary employment services to pharmaceutical companies (notified June 3/deadline July 8/simplified)


JULY 9

-- British leisure travel company TUI Travel Holdings TT.L and Cypriot diversified asset holding company Oscrivia Ltd acquire joint control of leisure travel firms Voyage Kiev of Ukraine and VKO Moscow of Russia (notified June 4/deadline July 9/simplified)

-- Britain's Barclays Bank Plc BARC.L and Royal Bank of Scotland Group Plc RBS.L acquire joint control of Hillary S.a.r.l, a Luxembourg provider of medical assistance services that indirectly controls Spain's USP Hospitales S.L.U, a provider of similar services (notified June 4/deadline July 9/changed from simplified to non-simplified on July 2)


JULY 13

-- French asset management company BNP Paribas Investment Partners SA, belonging to BNP Paribas BNPP.PA, and peer Credit Agricole Asset Management Luxembourg SA (CAAM), belonging to Credit Agricole CAGR.PA, acquire joint control of Luxembourg's Fund Channel, a logistic platform for distribution of UCITS products that was previously owned exclusively by CAAM (notified June 8/deadline July 13/simplified)

JULY 15

-- German energy supplier Energie Baden-Wuerttemberg AG (EnBW) EBKG.DE and Turkish conglomerate Borusan Holding take joint control of electricity producer Borusan Enerji, currently controlled solely by Borusan Holding (notified June 10/deadline July 15/simplified)


JULY 17

-- German Bosch Thermotechnik GmbH, controlled by industrial conglomerate Robert Bosch GmbH [ROBG.UL], acquires Loos Deutschland GmbH, a family-owned supplier of commercial and industrial boiler systems (notified June 12/deadline July 17)

-- Kazakh oil company Cooperatieve KazMunaiGaz PKI U.A., controlled by Kazakh national oil and gas company JSC National Company KazMunaiGaz RDGZ.KZ; and Austria's Euraisian Energy Holdings GmbH, controlled by China's largest oil and gas producer, China National Petroleum Corp (CNPC) [CNPET.UL], to take joint control of Kazakh oil and gas company JSC Mangistaumunaigaz (notified June 12/deadline July 17/simplified)

-- Dutch electronics manufacturer Philips PHG.AS to acquire sole control of Italian espresso machine maker Saeco International Group S.p.A (notified June 12/deadline July 17/simplified)


JULY 20

-- British drugmaker GlaxoSmithKline PLC GSK.L to acquire U.S. skincare company Stiefel Laboratories Inc (notified June 15/deadline July 20)

-- U.S. biomedical and pharmaceutical company Pfizer (PFE) to acquire U.S. pharmaceutical and healthcare company Wyeth (WYE) (notified May 29/deadline July 6/extended on June 30/new deadline July 20)


JULY 24

-- Spanish renewable energy and construction firm Acciona Energia Internacional S.A.U., belonging to conglomerate Acciona Group ANA.MC, and Japanese trading house Mitsubishi Corp 8058.T acquire joint control of Amper Central Solar SA, a Portuguese wholesale supplier of electricity (notified June 18/deadline July 24/simplified)


JULY 27

-- Italian transport and logistics company BLG Automobile Logistics Italia, belonging to the German BLG Logistics Group; and Belgian car terminal operator International Car Operators (Benelux) NV, belonging to Japan's NYK Group 9101.T, acquire joint control of Italian venture ICO BLG Automobile Logistics Italia, which operates a car terminal in the port of Gioia Tauro (notified June 19/deadline July 27/simplified)


JULY 28

-- Dutch private equity firm Fortis Private Equity, a subsidiary of Fortis Bank Nederland (Holding) NV [FORTH.UL], to acquire sole control of Kuiken NV, a Dutch holding group active in the distribution of heavy equipment (notified June 23/deadline July 28/simplified)


JULY 29

-- Italian mutual investment fund F2i Fondi Italiani per le Infrastrutture SGR SpA and Luxembourg private equity fund Finavias Sarl, indirectly owned by French insurer AXA Group AXAF.PA, acquire joint control of the majority shareholding of Italian gas distributor Enel Rete Gas SpA (notified June 23/deadline July 29/simplified)

-- Italian automaker Fiat SpA FIA.MI to acquire U.S. counterpart Chrysler LLC [CBS.UL] (notified June 23/deadline July 29)


JULY 30

-- France's Veolia Eau, a subsidiary of utility group Veolia Environnement VIE.PA, takes sole control of three French water distribution companies currently controlled jointly by Veolia Eau and Lyonnaise des Eaux, a subsidiary of French energy giant GDF Suez GSZ.PA unit Suez Environnement (notified June 23/deadline July 30)


JULY 31

-- Dutch holding company SHV Holdings NV [SHVHD.UL], involved in energy, consumer goods and private equity, acquires control of Eriks NV ERKNc.AS, a Dutch holding company whose operations include the distribution of mechanical engineering components (notified June 25/deadline July 31/simplified)


SECOND-STAGE REVIEWS BY DEADLINE:


NOV 6

-- German carrier Deutsche Lufthansa AG LHAG.DE seeks to acquire counterpart Austrian Airlines AUAV.VI (notified May 8/ deadline June 17/extended on June 11/new deadline July 1/in-depth probe opened on July 1/new deadline Nov. 6)


GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that to 35 working days, to consider either a company's proposed remedies or an EU member state's request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified -- that is, ordinary first-stage reviews -- until they are approved.

[MONEYMADE]

Aren't we all....aren't we all. CEMJQ is my last play....MONEYMADE

[conestoga_days]

I am betting on it but I would like to see some evidence that the current common stocks won’t be left behind.

[MONEYMADE]

,,,,,,,Think we'll see a pop? --MONEYMADE

[conestoga_days]

PRESS RELEASE: GM Statement Re: Court Order For Delphi To Hold An Auction For Delphi Assets

Jun 17, 2009 18:43:17 (ET)


GM Statement re: Court order for Delphi to hold an auction for Delphi assets

On June 16, 2009, Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York approved a sale procedures order for Delphi Corporation. This order provides that Delphi's assets will be sold pursuant to an open process either to Platinum Equity or to other potential bidders who submit a competing bid. Importantly, Judge Drain has scheduled a final hearing for July 23, 2009, and the parties expect an approved transaction to close by the end of July.

GM fully supports a competitive bidding process as provided for in the court order, whereby parties are free to submit competing bids to Delphi. GM, as Delphi's largest customer, will evaluate whether to support any potential offer, including whether to provide financing to facilitate such an offer, based on a number of principles.

Over the past several months, GM has articulated these principles to Delphi and to all parties that have indicated an interest in Delphi, including the Delphi Debtor in Possession (DIP) lenders. These principles will continue to guide GM's prospective support for any potential offer. Specifically, in order to obtain GM's support, the transaction must, at a minimum:

* Provide a full and final global resolution to Delphi's bankruptcy case;

* Provide a strong team to lead Delphi and a business plan that will result in a healthy and well-capitalized Delphi that will serve as a long-term, extremely stable supplier to GM;

* Provide GM with the right to acquire key sites and operations; and

* Provide a high level of certainty of closing within the timeline outlined by the U.S. Bankruptcy Court.

GM believes it is of critical importance that the Delphi situation be resolved as soon as possible. As previously disclosed, GM is prepared to advance needed liquidity to Delphi, but only in the context of a committed transaction process that addresses all of the principles described above. To date, only Platinum Equity has been able to address all of these principles and to commit to a final transaction. All other third parties who had approached Delphi had agreed to the same timetable but did not present a final, committed transaction by June 1. Nevertheless, GM fully supports Judge Drain's decision to allow any other party an opportunity to meet these conditions and to participate in the bidding process within the timeline approved by the Court to successfully resolve the Delphi bankruptcy case.

# # #

CONTACT(S):

Renee Rashid-Merem

313-665-3128 (o)

313-710-8560 (c)

[e-mail]

Tom Wilkinson

313-667-0366 (o)

313-378-6233 (c)

[e-mail]

(MORE TO FOLLOW) Dow Jones Newswires

June 17, 2009 18:43 ET (22:43 GMT)

[Chili Palmer]

Starting to look that way.

[louisa]

http://www.indianasnewscenter.com/news/local/48096182.html

[DB45]

Are they planning to kill this pink stock stock like the GM pink stock

[Chili Palmer]

It could get interesting!

[jordan73]

so what about the shares of stock in DPHIQ --right now --is this good or bad ---is it good to own shares in DPHIQ

[heebz101]

GM, Delphi supply agreements to carry through

* Aim to complete transaction by end of July

DETROIT, June 5 (Reuters) - General Motors Corp (GM.N) said on Friday it would provide $2 billion cash plus credit to support private equity firm Platinum Equity's buyout of its bankrupt former parts unit, Delphi Corp (DPHIQ.PK).

GM, which filed for bankruptcy on Monday, said it would acquire a Class A interest in the new company for the cash. Platinum Equity would put in $250 million cash for a Class B interest and Delphi would acquire Class C interests on behalf of junior bankruptcy financing lenders that forgive some debt.

GM and Platinum also have agreed to establish a secured term loan for the new company, with GM providing $500 million and Platinum $250 million, the automaker said in a filing with the U.S. Securities and Exchange Commission.

On Monday, Delphi said it reached a deal to sell most of its global operations to Platinum Equity, including its headquarters in Troy, Michigan, and five of its operations back to GM. Other assets would be sold or closed.

At that time, Delphi said it had emergence capital and capital commitments totaling $3.6 billion, but did not provide details. Delphi hopes to complete the deal by the end of July.

The deal could provide a final resolution for Delphi, which filed for bankruptcy in October 2005. A previous Delphi plan to emerge from bankruptcy protection in April 2007 fell through.

Supply agreements between GM and Delphi will be carried through to the end of related product programs, GM said. GM also said it would provide financing to support Delphi's operations, while the deal is completed.

The automaker said it would pay or take over $600 million of Delphi's senior debtor-in-possession credit facility, $300 million of its junior facility and $200 million of other obligations to be shared with the new company.

GM said it would waive $1.6 billion of pension costs that had been transferred from Delphi and $300 million of administrative claims when the transactions are completed.

GM also agreed to provide Delphi with a $250 million credit facility that will be waived if the deals are completed.

The plans require U.S. bankruptcy court approval.

The case is In re Delphi Corp, U.S. Bankruptcy Court, Southern District of New York, No. 05-44481. (Reporting by David Bailey; Editing by Andre Grenon)

[leon11]

did i read this correct hearing 24 of july?

[louisa]

Delphi has friends in high places. They just might make it.
https://ritdml.rit.edu/dspace/bitstream/1850/8714/1/N&E03-26-2009.pdf

[Chili Palmer]

TY has a closing date been set yet, I would guess as it gets near this should move up fast.