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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: zonder who wrote (18320)12/10/2004 12:12:46 PM
From: mishedlo  Read Replies (1) of 116555
 
Delphi Corp. (NYSE: DPH - News) is revising its Q4 and CY 2004 earnings guidance and providing a 2005 outlook. This is a reflection of the continued pressures from low global production volumes and commodity price increases in Q4, which are expected to have an even greater impact in the first part of 2005.

Delphi is taking aggressive cost-reduction actions including implementing plans to further reduce 8,500 positions, in addition to continuing to manage down discretionary costs and capital requirements. Delphi is also placing three additional facilities into its Automotive Holdings Group (AHG) to address underperforming sites.

BTW - WTF does this mean:
Delphi is also placing three additional facilities into its Automotive Holdings Group (AHG) to address underperforming sites
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