TROY, Mich. (Jan. 19)—Delphi Automotive Systems reported net income for 1999 increased 22 percent to $1.1 billion on sales of $29.2 billion for its first year of operation independent of General Motors Corp. About $350 million of that comes from the sale of brake hose and powertrain mounts. Reductions in overall structural costs, a streamlined product portfolio, the strong automotive industry and Delphi´s significant amounts of new booked business with companies other than GM contributed to its strong earnings, said J.T. Battenberg III, Delphi chairman, CEO and president.
Delphi releases first year of independent earnings
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