Business Services Industry
Week in Review: Nov. 22-28.
Crain's Detroit Business, November, 1999
Delphi goes after diesel market with purchase Delphi Automotive Systems Inc. (NYSE: DPH) said it will buy Lucas Diesel Systems from TRW Inc. to grab a share of Europe's fast-growing market for diesel engines, Bloomberg News reported. The Troy-based parts maker will acquire the unit for $871 million.
It will be renamed Delphi Diesel Systems. The unit had sales of $1.1 billion last year. The purchase helps Delphi reduce its reliance on former parent General Motors Corp., which accounted for three-quarters of its $28.5 billion in revenue last year. Delphi separated from GM in February. COMPUWARE DEAL AWAITS COUNCIL, CASH The design is set and the development agreement is reached for Compuware Corp.'s move to downtown Detroit's Campus Martius development....
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