Interest expense for the first nine months of 2012 totaled $100 million, compared to $84 million in the prior year period, reflecting the debt financing incurred at the end of the first quarter of 2011 to redeem the ownership interests previously held by General Motors Company and the Pension Benefit Guaranty Corporation.Tax expense for year-to-date 2012 was $227 million, resulting in an effective tax rate of approximately 19%, compared to $276 million, or an effective rate of 24%, in the prior year period. The improvement in 2012 primarily reflects the impacts of the geographic mix of pretax earnings, tax planning initiatives, and the reduction of withholding taxes.
Delphi Reports Third Quarter 2012 Financial Results
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