The Auto Buzz

Saturday, July 02, 2005

Delphi Sells Battery Business

From The Detroit News: "Auto parts supplier Delphi Corp. said Friday that it has completed the sale of its car battery business to Johnson Controls Inc. Troy-based Delphi sold its battery product line for $202.5 million as part of an ongoing restructuring plan. About 2,700 Delphi employees will be transferred to Milwaukee-based Johnson Controls. The sale includes intellectual property and brand names and facilities in France, Mexico, Brazil, China, Korea and Saudi Arabia." With gas prices on the rise, it's no wonder Delphi made the intelligent move to get out of the battery business. Most of GM's battery business went to rival AC Delco anyway.

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