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WEDNESDAY, OCTOBER 12, 2005
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Delphi to trade on 'Pink Sheets'

NEW YORK (AP) — The stock of auto parts supplier Delphi Corp. will trade on the over-the-counter electronic bulletin board after the company's shares were suspended from trading Tuesday on the New York Stock Exchange.

The NYSE also suspended Delphi's three major debt offerings: 6.5 percent notes due May 1, 2009, 7.125 percent debentures due May 1, 2029, and an 8.25 percent cumulative trust preferred securities of Delphi Trust I.

In a statement, the NYSE noted that it "may, at any time, suspend a security if it believes continued dealings in the security on the NYSE are not advisable." The NYSE blamed "abnormally low" trading volume for the suspension.

As a result, Delphi said Tuesday it will list its shares on the Pink Sheets, an over-the-counter electronic trading platform. The new symbol for Delphi common stock will be DHPIQ, while preferred shares of Delphi will trade under the symbol DPHAQ.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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