just-auto Interviews Delphi CEO on Europe, Company Strategy
BROMSGROVE, England, June 13, 2012
BROMSGROVE, England, June 13, 2012 /PRNewswire/ --
Just days after Delphi made an ambitious offer to acquire FCI Group's Motorised Vehicles Division (MVL), just-auto's Simon Warburton caught up with CEO of Delphi, Rodney O'Neal.
In this exclusive two part interview, O'Neal talks of Delphi's emergence from a turbulent Chapter 11, its plans for a greener automotive future, on dealing with French Trade Unions and his views on the state of Europe's economic struggle.
"If Europe does not do well, the world will not do well," he maintains.
But Delphi is nevertheless positioning for expansion.
"We know FCI and we have looked at it for years," O'Neal told just-auto when asked about the decision on the proposed acquisition of MVL. "It is a unique asset in the connector space - we have a very strong connector business and this just solidifies and improves customer diversification particularly with customers like Nissan," he added.
Subject to terms of acceptance, the transaction will be valued at US$962m and is Delphi's first major purchase since its emergence from bankruptcy.
O'Neal provides an insight on how he believes the economic pressures in Europe will impact on Delphi's proposed plans. "Europe is our largest region, around 43% of our company," but he insists that "our largest customers are the German OEMs, who, even in a downturn had a very robust year last year."
For its part in the automotive industry, Delphi will be heavily involved with electrical vehicles. "We are participating in the electrification of vehicles from hybrids to fully electric," revealed O'Neal, also adding that "it is an exciting spot, there is room for EVs".
With an extremely positive outlook, O'Neal hints at things to come "We are helping to create the technology of tomorrow".
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