Delphi, BorgWarner Fall After Trimming Profit Outlooks
- Delphi lowers forecast as its China sales slow, analyst says
- Oshkosh also declines, citing construction-related equipment
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Delphi Automotive Plc fell the most since the shares began trading in 2011 after the auto-parts supplier cut its annual profit and sales forecasts to below analysts’ estimates as China’s vehicle market slows.
The shares declined 7.1 percent to $80.04 at the close in New York for the biggest daily drop since Nov. 17, 2011. The stock has risen 10 percent this year.