TROY, Mich. -- Delphi Automotive PLC (NYSE: DLPH) 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.
Eric Creech
1.248.813.2498
Delphi (Media)
Lindsey Williams
1.248.813.2528