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Thread: Delphi does $2.7bn deal with GM

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    Default Delphi does $2.7bn deal with GM

    The Delphi Corporation says it has done a deal with General Motors Corp. GM gets $2.7bn in cash and Delphi has filed a Joint Plan of Reorganization and related Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. Copies of these documents, which remain subject to approval by the Bankruptcy Court, are on www.delphidocket.com. The deal settles all outstanding issues between the two firms.

    So that's a shock then !

    "Re-organisation" is another way of avoiding certain liabilities and not breaking the law.

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    So that's Bosch and Magneti-Marelli left in the ECU market then, pretty much?

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