Restructuring Pace of Delphi Corporation

www.chinabuses.org: News from Delphi Corporation shows that it has agreed to sell its remaining global suspension and brakes businesses to China's Beijing West Industries Co Ltd. This plan is only one phase of the Delphi's whole restructuring process. Currently, Delphi has made further progress with its portfolio transformation and has entered into an asset sale and purchase agreement with Beijing West Industries.

Beijing West Industries is 51 percent owned by State-owned Shougang Group. Bao'an Investment and Development Co Ltd hold 24 percent in the company and the Beijing municipal government possesses the rest. Delphi says it will carefully manage the transition of the business, including its customers, employees, unions and other stakeholders.

Related China Bus News

• BYD Delivers 100 Units of 12-Meter Electric Buses to Uruguayan Operator CUTCSA 09-26
• Ankai Bus: High Standards Escort World-Class Event 09-26
• Zhongtong H12 High-end Tourist Bus Officially Delivered to Jilin 09-25
• Ankai Empowers Smart Mobility with Innovative Technology 09-24
• Visiting Invitation: China Buses Expo 2024 in Shanghai China 09-20
• Foton eVIEW GRAND World Debut in Saudi Arabia 09-20
• Higer Bus Shines at the IAA Transportation 2024 in Hannover 09-19
• Zhongtong H13E Debuts at the 2024 IAA Transportation in Hannover 09-19
• First Appearance of Higer Bus at the IAA TRANSPORTATION 09-14
• Consul General of Australia in Shanghai Visits Bonluck Bus Company 09-14
• Shudu Bus Delivers 100 Buses to Nigeria 09-14