Sunday, Apr 22, 2018
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Third-quarter loss widens at Delphi

DETROIT - Auto parts supplier Delphi Corp., which filed for bankruptcy protection last month, said yesterday that its losses widened to $788 million, or $1.40 a share, in the third quarter.

The loss compares with a loss of $119 million, or 21 cents a share, in the third quarter of 2004.

Revenues for the quarter were $6.3 billion, down 5 percent from $6.6 billion the year before. Delphi, which was spun off from GM in 1999, said its non-GM revenues rose 6 percent to $3.3 billion, but that wasn't enough to offset a 16 percent drop in GM business.

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