Monday, July 23, 2007

Delphi to open diesel parts plant in Romania

The Detroit News

Delphi Corp. today said it will open a diesel engine components plant in Romania.

The plant, to be operated by Delphi Powertrain Systems division, will be in Iasi, in the country's northeast region.

The company said in a statement that eventually the plant could employ 1,000 people. It said the plant would mainly produce pumps and injectors for rail systems.

Delphi, which is trying to emerge from Chapter 11 bankruptcy protection, last week accepted a $2.55 billion investment bid from private equity firm Appaloosa Management LP, and won court approval of a new, lower wage deal with the United Auto Workers.

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