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Delphi to explore sale options for interiors businesses

Delphi Corp., Troy, Mich., has announced it has retained Rothschild Inc. to explore potential sale opportunities for its Cockpits and Interior Systems and Integrated Closure Systems businesses.

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, the company said. Also, the disposition of any U.S. operations would be accomplished in accordance with the requirements of the U.S. Bankruptcy Court. The company also will begin consultations with the European Works Council in accordance with applicable laws.