The Robert Bosch Group has sold its foundation brakes business to Caliper Acquisition International, a division of investment firm KPS Capital Partners.
The raise is in line with a recent deal for other German manufacturing workers.
The acquisition will give Delphi a stronger hybrid product portfolio and a stronger presence in Asia
Automaker hopes to sell a million more vehicles in emerging markets and raise the use parts produced in those markets to close to 100 per cent in the next few years.
The plant will close in about a year and will cost 150 jobs.
The five-passenger Chevrolet is aimed at customers in more than 140 markets.
The new guidance range is up from February’s sales projection of between $28 billion and $29.5 billion.
Strong performance in North America helped it overcome troubles in Europe.
Toyota officials said requirements and emissions improvements are changing so quickly that lines must adjust frequently to parts changes.
Ford’s cash generation and lower costs will give it the financial flexibility it needs to stay at investment grade in a period of economic stress.