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Delphi Holdings, LLC company history timeline

1999

GM conducted an initial public offering (IPO) of 17.7 percent of Delphi's shares in February 1999, which raised $1.7 billion.

In February of 1999 Delphi completed its initial public offering and began trading its shares to the public.

In May 1999 General Motors sold its remaining interest to the public.

Several companies were acquired in the first year, including TRW Inc.'s Lucas Diesel parts unit, bought for $871 million in November 1999.

1999: Delphi Automotive Systems became a fully independent publicly held corporation.

2000

In July 2000, Delphi announced plans to dismiss 900 manufacturing workers in Europe as part of a restructuring there.

High-tech products accounted for a third of company revenues in 2000.

Sales slipped a bit to $29.1 billion in 2000.

2001

At the end of 2001, the company had approximately 350 new products, in various stages of production, with plans to introduce them during the next three years.

During 2001 Delphi engineers earned more than 600 patents worldwide.

2002

Delphi was scheduled to lose its right of last refusal for replacement business in North America with GM on January 1, 2002.

The company's name was changed to Delphi Corp. in March of 2002 to denote the organization's growing independence from General Motors and its diversification into non-automotive industries, such as home appliances and fiber optics telecommunications components.

"delphi launches wireless diagnostic system." motor age, may 2002.

Year-on-year net sales for the first quarter of 2002 improved to $6.7 billion, up from $6.5 billion the previous year.

2004

2004: Delphi was subpoenaed by the Securities & Exchange Commission (SEC) in July for irregular accounting practices and financial transactions.

2005

Delphi was aiming to grow its nonautomotive revenues to $700 million by 2005.

2005: Delphi disclosed irregular accounting practices.

2006

2006: Delphi announced it would sell off or close 21 of its 29 plants in the United States.

2008

May 2008: Delphi filed a lawsuit against investors.

2009

6 October 2009: Delphi’s core assets were purchased by a group of private investors to create a new Delphi Corporation.

2015

Delphi sold its Thermal Business unit to Mahle-Behr GmbH in July 2015.

2017

The company spun off its powertrain division and aftermarket-related businesses (now Delphi Technologies) in December 2017 and changed its name to Aptiv plc.

2020

In August 2020, Aptiv and Hyundai Motor Group expanded a joint autonomous driving venture and named it Motional.

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Founded
1999
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Headquarters
Troy, MI
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