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Delphi shows operating loss of $616 million for December
By Ted A. Knutson
Washington, Jan. 31 - Delphi Corp. posted a $616 million operating loss for December on $1.39 billion in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
From Oct. 8 to Nov. 30, the company had an operating loss of $131 million on sales of $2.94 million.
The company showed a net loss in December of $1.13 billion versus a net loss for the November period of $127 million.
Cash and cash equivalents at Dec. 31 were $1.36 billion, up from a Nov. 30 total of $956 million.
Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8. Its Chapter 11 case number is 05-44481.
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