Delphi Spins Off Powertrain Division, So It Can Focus On Electrification, Autonomous Drive

By Mark Kane Delphi Automotive has announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company (“Powertrain”). The transaction is expected to be completed by March 2018, and Delphi shareholders will own shares of both companies. The move is apparently being made in… …read more

Source:: http://feedproxy.google.com/~r/InsideEvs/~3/pJHh4aFgzPA/