Delphi operating loss improves to $50 million in November

By Caroline Salls

Pittsburgh, Dec. 31 - Delphi Corp. reported a $50 million operating loss for November on $1.145 billion in net sales, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In October, the company posted a $60 million operating loss on net sales of $1.344 billion.

The net loss for November was $231 million, widening significantly from a $28 million October net loss.

The company reported $13 million of cash and cash equivalents as of Nov. 30, compared with no cash and cash equivalents at the end of October.

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.