TROY -- Delphi  has filed for an initial public offering.

According to the Detroit News, the former General Motors parts company filed for a $100 million IPO, but that number could reach more than $1 billion.  The report states that Delphi had a $4 billion first quarter revenue.

Delphi filed for Chapter 11 bankruptcy in 2005.  Four years later, the company emerged after agreeing to turn Delphi Saginaw Steering System operations over to General Motors.

In May of 2010, NBC25 reported that Nexteer, owned by Pacific Century Motors, officially took over Delphi.  This became China’s largest investment in a U.S. based automotive supplier.

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