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Home / News 10/9/2005 Delphi Corp., Biggest Auto Supplier in U.S., Files for Bankruptcy Fox News XM Satellite Radio | Delphi Corp. , the largest U.S. auto supplier, filed for bankruptcy Saturday, sending shock waves through a U.S. auto industry already is weakened by high labor costs and falling market share. The company's bankruptcy, which is expected to result in plant closures and layoffs, is one of the largest in the country's history. Delphi (DPH) filed to reorganize its U.S. operations in federal bankruptcy court in New York, where hearings are scheduled to begin next week. Delphi's non-U.S. operations were not included in the filing. Delphi Chairman and CEO Robert S. Miller said the company hopes to emerge from Chapter 11 in early to mid-2007. "We will make every effort to make this as quick as possible," Miller told The Associated Press on Saturday. Miller, a restructuring expert who was hired in July, had threatened to take the company into bankruptcy if he failed to reach a restructuring agreement with Delphi's former parent, General Motors Corp., and its largest union, the United Auto Workers . Miller set a deadline of Oct. 17, when U.S. bankruptcy laws are scheduled to change.