Transportation Industry
Delphi Delays Earnings Report Due to SEC Probe
Light & Medium Truck, Dec 2004/Jan 2005
Vehicle parts maker Delphi Corp. said in November it was postponing a quarterly financial report because of a federal investigation into $148 million in dealings with Electronic Data Systems Corp. and another information technology company, the Associated Press reported.
Delphi disclosed Sept. 29 that the securities and Exchange Commission was investigating its dealings with EDS. Both companies are former GM divisions.
The company said it would postpone its third-quarter 10-Q report because of the sec case, its own internal probe and the inability of the accounting company Deloitte & Touche LLP to sign off on the financial report, AP said.
Copyright Transport Topics Publishing Group (TTPG) Dec 2004/Jan 2005
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