Delphi guides 2015 way down below consensus, blaming fx head winds. Consensus is for 2015 revenue of $18.22 billion. Today Delphi guidance is $17.1-$17.5 billion. Delphi also announced a $1.5 billion stock repurchase program, but that's not going to distract investors from the fact that the auto sector is going through a major slowdown right now. This update directly offsets Alcoa strong auto guidance.
Delphi presentation with 2015 guidance released today.
Michael Grove, CFA