Annual Report Rollback! Delphi Releases Numbers, Cuts Losses In Half


Although until yesterday, they were months behind in releasing an annual or quarterly report — they're finally able to tell the world they're doing...a bit better. Despite reporting a $2.4 billion loss, and reporting a warning they may be forced to sell or liquidate assets if the supplier can't work through problems in the bankruptcy courts — it's still only half as bad as last year. We guess that means investors and employees who own stock should only be half as worried they'll never see a single dime.

Delphi cuts loss in half to $2.4 billion [Freep]

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More on Delphi [internal]