But it’s not time to completely write off the company. More because Miller has acquired a sterling reputation after turning around a once written off Bethlehem Steel. Yet, even he might find the task of salvaging Delphi a daunting challenge. Delphi’s woes can be directly traced to parent company General Motors (GM) and the persistent decline in the fortunes of the world’s largest auto company. The fact is, GM accounts for almost 50% of the revenue of Delphi; and the sinking parent is clearly dragging down Delphi.
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Source:IIPM ,Editorial:- 2006
