<![CDATA[Jalopnik: The Oracle Has Spoken]]> http://cache.gawker.com/assets/base/img/thumbs140x140/jalopnik.com.png <![CDATA[Jalopnik: The Oracle Has Spoken]]> http://jalopnik.com/tag/the oracle has spoken http://jalopnik.com/tag/the oracle has spoken <![CDATA[ Delphi Loses $533 Million In First Quarter Of 2007 ]]> Oracle_of_Delphi.jpgThe Oracle, she has spoken — and the words coming out of her mouth are most assuredly not good for the General's big auto supplier. Delphi said it took in $6.7 billion in revenue and lost $533 million during the first three months of this year. That's substantially worse than the $7.0 billion in revenue and $363 million in red ink they dripped during the first quarter of 2006. Although Delphi claims $73 million of that loss was "attributable to employee termination costs," there's still a question of why they're hemorrhaging almost $100 million more year-on-year. We're sure glad all the great execs at Delphi were paid that $38 million in bonuses though, aren't we?

Delphi Corp. loses $533 million in first quarter [Detroit News]

Related:
Breaking! Bankruptcy Judge Rewards Delphi Execs For Being Bankrupt [internal]

]]> Jalopnik-258212 Mon, 07 May 2007 11:15:00 EDT Ray Wert http://jalopnik.com/index.php?op=postcommentfeed&postId=258212&view=rss&microfeed=true