Delphi Automotive PLC (NYSE:DLPH) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its outstanding ordinary shares. The shares will be repurchased in the open market or in privately negotiated transactions, depending on the share price.

The timing and the amount of repurchases will be determined based on the market conditions and other factors, as determined by the company. The initiative reflects the confidence in the business and further demonstrates the continued commitment to deliver shareholder value.