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Delphi sued its investors for US$2.55 billion in securities to aid Delphi as it sought to come out of bankruptcy in May 2008. U.S. Bankruptcy Judge Robert Drain in New York allowed Delphi to seek payments through a contract against Appaloosa Management LP as well as denying an investors' request for a cap of $250 million for damages. [ 13 ]
Delphi Technologies was an independent automotive company from 2017 to 2020, when it was acquired by BorgWarner Inc. As of 5 July 2023, BorgWarner completed the spin-off of Delphi Technologies, Delco Remy, and Hartridge to a separate publicly traded company, PHINIA.
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On May 28, 1999, Delphi became a separate publicly traded company, and continued to use the Delco Electronics name for several of its subsidiaries until 2004. Although Delco Electronics no longer exists as an operating company, GM still retains rights to the "Delco" name and uses it for some of its subsidiaries including the ACDelco parts division.
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