Purchases - USA - Indian firm eyes Delphi asset
Oakland,CAL,USA -The Oakland Press, by JOSEPH SZCZESNY -Nov 15, 2005: -- A company in India has expressed an interest in purchasing the Delphi Corp.'s Saginaw-based steering gear business... Sona Group of Haryana, India, and at least two smaller South Asian companies have expressed an interest in Delphi assets, according to reports circulating in India's English-language business press... Indian manufacturing companies have quietly developed in the past several decades and are now beginning to venture abroad to acquire new technology and markets... Last week, Delphi announced it had secured a new contract to deliver electric power steering units to the Ford Motor Co. for use on the hybrid Ford Escape and Mazda Tribute. Delphi sells the same unit in Europe... Delphi officials were unavailable Monday for comment...
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