Delphi has posted fourth quarter revenue up 3% to US$4.2bn, while full-year earnings also rose 3% to US$17bn.

“Delphi’s strong fourth quarter financial results continue to demonstrate the focus of the entire organisation on executing our strategy,” said Delphi CEO, Rodney O’Neal.

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“Against the backdrop of an uneven global economy, each of our businesses delivered improved operating results in 2014. 

“Delphi is well-positioned to capitalise on opportunities to further generate value for our customers and shareholders in 2015.”

The company reported fourth quarter 2014 revenue of US$4.2bn, consistent with the prior- year period, reflecting continued above-market volume growth in Asia and North America, offset by unfavourable currency impacts.

Adjusted for the impacts of currency exchange and commodity movements, revenue increased by 3% in the fourth quarter.

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This reflects growth of 11% in Asia and 7% in North America, partially offset by declines of 3% in Europe and 9% in South America.

For full-year 2014, Delphi reported revenue of US$17bn, an increase of 3% from the prior-year period, reflecting continued above-market growth in Asia and North America.

Adjusted for the impacts of currency exchange and commodity movements, revenue increased by 4% during the year.

This reflects growth of 11% in Asia, 7% in North America and flat performance in Europe, partially offset by a decline of 16% in South America.

Fourth quarter net GAAP income was US$344m compared to US$298m, while full-year net GAAP income was US$1.35bn compared to US$1.21bn the previous year.