Delphi disclosed some irregular accounting practices in Delphi Chairman J. Battenberg retired. Delphi then filed for Chapter 11 bankruptcy protection to reorganize its struggling U.
A group of private investors purchased Delphi's core assets to create a new Delphi Corporation in October Some of its non-core steering operations were sold to General Motors Company , the successor to the bankrupt Motors Liquidation Company that was formerly General Motors Corporation.
The stock was cancelled. Together, the Mahle-Behr and Delphi Thermal merger represented the second-largest supplier of automotive thermal management systems including interior HVAC components, under-hood powertrain cooling and compressors. Delphi entered into a partnership agreement with Carbon in June to allow the use of Carbon's Continuous Liquid Interface Production technology and printers.
The company divested its powertrain division and aftermarket related businesses now Borg Warner 's Delphi Technologies division in December and changed its name to Aptiv PLC. In January , Aptiv revealed a new platform for automated driving that can be applied on various vehicles and that carmakers can upgrade wirelessly. On 11 January , Aptiv announced that they had acquired Wind River Systems , a company known for its development of real-time operating systems.
As of December [update] , Aptiv has two diversified business segments: [ 2 ]. On 4 March , Delphi said it had fired its CFO and would restate earnings between , when Delphi spun off from General Motors Corp GM , and for improper reporting of rebates, credits, or other payments from suppliers. In , Delphi became involved in an ongoing lawsuit against GM, because it manufactures ignition switches for the Chevrolet Cobalt, whose original design is alleged to be defective.
