They're out! Delphi files for Chapter 11 bankruptcy
Some may know Delphi as one of the major auto parts suppliers in the US, but of course we at Engadget know them first and foremost as the principal supplier of XM satellite radio receivers (and some Sirius receivers as well). What happens from here for XM remains unseen, though—granted, while no bankruptcy is good, Chapter 11 (think "reorganization" proceedings) is still better than Chapter 7 (think "liquidation of assets"), so while XM is going to be left in the lurch for at least a while, Delphi may just spring back to life in what, a year? Maybe two or three? But since we really shouldn't ever count on that (unless Delphi spins off its electronics division, of course), assume you'll be seeing Pioneer trying to pick up their slack right quick, as well as XAct Communications to a more limited degree, or some new hotshot gadget maker looking to score the big new XM contract that just opened up. This could shape up to be a rough holiday season for XM though, that's for sure.
