Delphi, currently in US bankruptcy protection, on Friday said it agreed to sell its brake components business, including a plant in Mexico, to Robert Bosch and its Mexican affiliate for about $US15m, according to a US report.
Delphi, currently in US bankruptcy protection, on Friday said it agreed to sell its brake components business, including a plant in Mexico, to Robert Bosch and its Mexican affiliate for about $US15m, according to a US report.
The Associated Press (AP) said Delphi filed a motion in bankruptcy court on Friday to request a bidding procedures hearing on 26 June.
After the completion of the bidding procedure process, the company expects a final sale hearing to be set for 19 July, Delphi said, according to the news agency, which added that the final sale of the plant is subject to court approval.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.