Delphi reports $2.6 billion first-half loss (Auto parts)

Delphi reports $2.6 billion first-half loss
Bankrupt auto parts maker Delphi Corp. on Tuesday reported a $2.6 billion first-half loss on charges related to its attrition program.

Delphi labor hearing moved to Friday
A U.S. bankruptcy court hearing on a request by auto parts maker Delphi Corp. for authority to impose wage and benefit cuts on U.S. hourly workers has been postponed until Friday, the company said.

Auto parts maker Delphi reports US$2.6 billion loss for first half of 2006
DETROIT (AP) - Delphi Corp., the largest U.S. auto supplier, said Tuesday it lost $2.6 billion US in the first half of 2006, due largely to the cost of employee-buyout and early-retirement packages that are key to the company's bankruptcy reorganization.

Valeo's Rating May Be Cut, Visteon's Upgraded, Credit-Default Swaps Show
Visteon Corp., the second-largest U.S. auto parts maker, may see its credit rating raised while European rival Valeo SA is downgraded, according to traders betting on the creditworthiness of companies in the credit- default swap market.

Growing Auto Parts Distributor, 1-800 Radiator, Opens Franchise in Prince George's, Maryland
1-800 Radiator increased their stake in the franchise industry this week when they opened their first franchise outlet in Maryland. The quick growing parts distributor has over eighty locations across the country and plans to triple that number in the next three years.