Delphi October operating loss improves to $60 million

By Caroline Salls

Pittsburgh, Nov. 30 - Delphi Corp. reported a $60 million operating loss for October on net sales of $1.344 billion, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed improvement over a $418 million September operating loss on net sales of $1.145 billion.

The net loss for October was $28 million, narrowing significantly from a $794 million September net loss.

The company reported no cash and cash equivalents as of Oct. 31, compared with $107 million at the end of September.

Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-44481.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.