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Delphi: Top execs free from taint in scandal.(Suppliers)(accounting scandal)(Brief Article)

Automotive News

| April 04, 2005 | Chappell, Lindsay | COPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Lindsay Chappell

Delphi Corp.'s top executives may be off the hook in an accounting scandal that resulted in the departure of two top finance executives last month.

According to a statement from Delphi's independent audit committee filed with the Securities and Exchange Commission, its internal investigation "continues to review the conduct of certain lower and mid-level executives.'' But it believes that no more changes will be necessary among its "top management.''

The company is preparing to present those findings to SEC investigators who are examining Delphi's bookkeeping practices, said Delphi spokeswoman Claudia Baucus.

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