I remain upbeat about the shares of Delphi Automotive (DLPH), a vehicle components producer. I believe that the company’s flexible business model will allows it to continue to deliver solid performance with revenues growth and expanding margins, despite headwinds in some global markets.Delphi’s financials for the fourth quarter of 2016 were strong. Revenues increased 11.2% y-o-y to $4.31 bn and surpassed consensus estimates of $4.15 bn. The improvement was driven by the acquisition of HellermannTyton Group as well as volume growth in North America, Europe and the Asia Pacific. Excluding the impact of currency exchange, commodity movements, acquisitions and divestitures, revenues rose 10%. Adjusted operating income grew 20.5% to $606 mn supported also by cost reduction initiatives, and operating margin expanded 110 basis points to 14.1%. Adjusted earnings per share jumped 31.7% to $1.83 comfortably beating analysts’ average projection of $1.60. For full year 2016, the company earned $6.28 per share (growth of 20.3%) on revenues of $16.66 bn (growth of 9.9%).Delphi generates robust cash flows, which allows it to reward shareholders. During 2016, the company spent $635 bn on share repurchases and, following this, had $1.37 bn available for future buybacks. A quarterly dividend of 29 cents per share offers annualized dividend yield of 1.5%.Foe 2017, Delphi’s management expects revenues of $16.5-16.9 bn and adjusted earnings per share in the range of $6.40-6.70. Adjusted operating income is anticipated within $2.19-2.29 bn (13.3-13.5% of sales). The company also plans to generate operating cash flow of $2.1 bn and incur capex of $850 bn.After a correction, shares of Delphi have found support near $78 level. The stock, I believe, is well positioned to resume growth, with medium-term target at $85. $APTV, Aptiv PLC / D