TROY, MI, Nov 17, 2011 (MARKETWIRE via COMTEX) —
Delphi Automotive PLC
/quotes/zigman/7310093 DLPH
+1.27%
today announced that its shares
began trading on the New York Stock Exchange (NYSE) under the ticker
symbol “DLPH.” Delphi is one of the world’s largest vehicle
components and technology suppliers serving global automotive and
commercial vehicle manufacturers.
“Today is an important milestone for Delphi,” said Rodney O’Neal,
Delphi president and chief executive officer. “The Delphi team has
created a business with outstanding technology and industry leading
performance. We are well positioned to expand both top and bottom
line growth.”
Delphi continues to drive technology leadership with over 16,000
scientists, engineers, technicians and technical professionals
dedicated to providing innovative product solutions for global
customers.
“Our portfolio of safe, green and connected technologies is driving
growth through enhancing the safety of drivers and their passengers,
addressing regulatory matters that call for environmentally-friendly
solutions, as well as addressing customer needs for fuel efficiency
and connectivity to their daily lives while in the vehicle,” added
O’Neal. “We continue to execute our plan to deliver a pipe-line full
of high tech, market-relevant product offerings.”
Goldman, Sachs Co., J.P. Morgan Securities LLC, BofA Merrill Lynch,
Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., and Morgan Stanley Co. LLC served as joint
bookrunners of the offering.
About Delphi
Delphi is a leading global vehicle components
manufacturer and provides electrical and electronic, powertrain,
safety and thermal technology solutions to the global automotive and
commercial vehicle markets. Delphi is one of the largest vehicle
component manufacturers, and its customers include the largest
automotive original equipment manufacturers in the world.
FORWARD-LOOKING STATEMENTS
This news release, as well as other
statements made by Delphi Automotive PLC (“Delphi” or the “Company”),
contain forward-looking statements that reflect, when made, the
Company’s current views with respect to current events and financial
performance. Such forward-looking statements are subject to many
risks, uncertainties and factors relating to the Company’s operations
and business environment, which may cause the actual results of the
Company to be materially different from any future results, express
or implied, by such forward-looking statements. All statements that
address future operating, financial or business performance or the
Company’s strategies or expectations are forward-looking statements.
In some cases, you can identify these statements by forward-looking
words such as “may,” “might,” “will,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “projects,”
“potential,” “outlook” or “continue,” and other comparable
terminology. Factors that could cause actual results to differ
materially from these forward-looking statements include, but are not
limited to, the following: global economic conditions, including
conditions affecting the credit market, the cyclical nature of
automotive sales and production; the potential disruptions in the
supply of and changes in the competitive environment for raw material
integral to our products; the Company’s ability to maintain contracts
that are critical to its operations; the ability of the Company to
attract, motivate and/or retain key executives; the ability of the
Company to avoid or continue to operate during a strike, or partial
work stoppage or slow down by any of its unionized employees or those
of its principal customers, and the ability of the Company to attract
and retain customers. Additional factors are discussed under the
captions “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in the Company’s
filings with the Securities and Exchange Commission. New risks and
uncertainties arise from time to time, and it is impossible for us to
predict these events or how they may affect the Company. It should be
remembered that the price of the ordinary shares and any income from
them can go down as well as up. Delphi disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events and/or
otherwise, except as may be required by law.
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CONTACTS:
Media:
Lindsey Williams
(248) 813-2528
Email Contact
Investors:
Eric Creech
(248) 813-2498
Email Contact
SOURCE: Delphi Automotive PLC
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