Delphi Names Ernst & Young as Auditor For 2006
TROY, Mich., Dec. 13, 2005 -- Delphi Corp. announced today that the audit committee of its Board of Directors selected Ernst & Young LLP as the company's independent auditors for 2006, effective Jan. 1, 2006.
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The selection followed a competitive bid process, which included proposals by the four largest accounting firms. All bids were competitively priced. The audit committee selected Ernst & Young because of their depth and breadth of experience with Tier 1 automotive suppliers as well as their experience with companies involved in reorganization proceedings.
Delphi filed a motion on the appointment of Deloitte & Touche for 2005 and plans to file one on the appointment of Ernst & Young for 2006, both of which are subject to the bankruptcy court approval.
Additional information regarding Delphi's filing under the United States Bankruptcy Code, including access to court documents and other general information about the chapter 11 cases, is available online at http://www.delphidocket.com/ and is also set forth in Delphi's Form 8-K being filed with the Securities and Exchange Commission later today.
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