SOURCE: Delphi Automotive PLC
TROY, MI--(Marketwire - Nov 17, 2011) - Delphi Automotive PLC (NYSE: DLPH) today announced that its shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol "DLPH." Delphi is one of the world's largest vehicle components and technology suppliers serving global automotive and commercial vehicle manufacturers.
"Today is an important milestone for Delphi," said Rodney O'Neal, Delphi president and chief executive officer. "The Delphi team has created a business with outstanding technology and industry leading performance. We are well positioned to expand both top and bottom line growth."
Delphi continues to drive technology leadership with over 16,000 scientists, engineers, technicians and technical professionals dedicated to providing innovative product solutions for global customers.
"Our portfolio of safe, green and connected technologies is driving growth through enhancing the safety of drivers and their passengers, addressing regulatory matters that call for environmentally-friendly solutions, as well as addressing customer needs for fuel efficiency and connectivity to their daily lives while in the vehicle," added O'Neal. "We continue to execute our plan to deliver a pipe-line full of high tech, market-relevant product offerings."
Goldman, Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Morgan Stanley & Co. LLC served as joint bookrunners of the offering.
Delphi is a leading global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets. Delphi is one of the largest vehicle component manufacturers, and its customers include the largest automotive original equipment manufacturers in the world.
This news release, as well as other statements made by Delphi Automotive PLC ("Delphi" or the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: global economic conditions, including conditions affecting the credit market, the cyclical nature of automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw material integral to our products; the Company's ability to maintain contracts that are critical to its operations; the ability of the Company to attract, motivate and/or retain key executives; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers, and the ability of the Company to attract and retain customers. Additional factors are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.