Delphi Corp. said Monday that it has reached a deal to sell some of its assets to a private-equity firm and emerge from bankruptcy protection.
Delphi heads to court to ask for bid's approval
Delphi Corp. heads to bankruptcy court Wednesday seeking a judge's approval of a deal that could hand control of the auto supplier to its lenders and end its four-year stay in Chapter 11.
GM to spend $2 billion to facilitate Delphi sale
General Motors says it will pay $2 billion to Delphi Corp. to aid in the sale of the automotive parts supplier to a private equity firm, in exchange for equity of a newly restructured Delphi.
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