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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. [ 14 ]
In July 2015 Delphi Automotive made an offer to buy the company for $1.7 billion. [20] The acquisition was completed on 18 December 2015 [4] and HellermannTyton became constituent part of Aptiv's Engineered Components Group division. [21]
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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Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. Surviving parts of Hughes Electronics are today known as DirecTV Group, while the automotive divisions became Aptiv.
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After last year's online-only event that streamed on Spotify, the 2024 Billboard Music Awards will return to FOX. In a first-of-its-kind multi-distribution broadcast, the show will be released ...
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