Delphi Corp. said Monday it has retained Rothschild Inc. to explore potential sale opportunities for Delphi's Cockpits & Interior Systems and Integrated Closure Systems businesses.
Delphi's Cockpits & Interior Systems business line is the third-largest producer of instrument panels, consoles and cockpits in North America and the fourth-largest globally. The business has provided design, development and manufacturing services since 1956 and currently supports several high-volume North American OEM platforms. Integrated Closure Systems consists of the Door Modules and Latch business lines.
Delphi said any sale or strategic alternative will be conducted in coordination with the company's customers, unions, and other stakeholders to carefully manage the transition of affected product lines. Also, the disposition of any U.S. operations would be accomplished in accordance with the requirements of the U.S. Bankruptcy Court. The company would also begin consultations with the European Works Council in accordance with applicable laws.