Beijing Auto Eyes Delphi's Non-core Assets-paper

Chinese automaker Beijing Automotive Industry Co is seeking to buy U.S. auto parts maker Delphi Corp's non-core assets, the 21th Century Business Herald said on Wednesday.

A government-backed consortium whose members include Beijing Auto and several private-sector parts suppliers are in talks with Delphi to buy its assets, including brake system and suspension businesses, the newspaper said, citing unnamed sources.

It did not specify the size of any potential deal.

Delphi, which filed for bankruptcy protection in 2005, had indicated its intention to offload some non-core assets.

Delphi's spokesman in China could not be immediately reached for comment.

Related China Bus News

• Zhongtong Electric City Buses Enable Portugal to Move Closer Towards Zero-Emission Transport 02-27
• Vietnam Warmly Welcomes 207 Units Golden Dragon City Buses on its Road 02-26
• 1,022 Zhongtong Buses to Arrive in Saudi Arabia for Operation 02-22
• 400 Units Foton AUV School Buses Start Operation in Beijing 02-22
• Zhongtong Bus Sales Jump by 81.49% in January,2024 02-20
• Ankai Embraces 2024 by Delivering G9 Buses to Saudi Arabia for Operation 02-19
• Zhongtong Electric Buses Provide Smooth Transportation Services for Africa Cup of Nations 2023 02-18
• Ankai Bus & Coach Sales Up by 169.33% Year on Year in 2023 02-18
• Golden Dragon Bus Overseas Sales Reached a New Record High in 2023 02-05
• 120 Units Zhongtong Electric City Buses to Start Providing Greener Transportation Services in Singapore 01-30
• Higer Overseas Sales Revenue Grew by 70.59% to Reach a New Record High 01-30