![]() ![]() ![]() "Today's announcement represents an exciting opportunity for our businesses by creating two independent companies, each with a distinct product focus, a proven business model, and the flexibility to pursue accelerated investments in advanced technologies that solve our customers' most complex challenges," said Kevin Clark, president and chief executive officer. Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies. ![]() GILLINGHAM, England, /PRNewswire/ - Delphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company ("Powertrain").
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