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Delphi delays financial statements.(Suppliers)(Brief Article)
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Automotive News
- Article date:
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November 29, 2004
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Copyright informationCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Robert Sherefkin
Delphi Corp. has delayed filing audited financial statements while it is under investigation by the U.S. Securities and Exchange Commission.
The SEC is looking into how Delphi accounted for transactions with EDS and other technology service vendors.
No timetable has been set for the release of the audited third-quarter and nine-month results, says Delphi spokeswoman Claudia Baucus. She declined to identify the other suppliers involved.
The SEC is reviewing transactions between Delphi and EDS from 2000 through 2003, ...