Monday, September 15, 2008

GM to provide $10.6 billion to support Delphi

Delphi corp said on Friday that former parent General Motors Corp has increased its support to $10.6 billion, from $6 billion, to speed the auto parts maker's emergence from bankruptcy.
Delphi, which filed for bankruptcy protection in the United States. in 2005, said in a Bankruptcy Court filing that without GM's stepped-up support, "a viable stand-alone business plan may not be possible."

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