Delphi in talks with GM, Treasury over bankruptcy

Delphi gets until May 21 to reach GM, lenders deal
Auto parts supplier Delphi Corp. has a few more weeks to work out a deal to sell its steering business to General Motors Corp., according to documents filed Wednesday in bankruptcy court in...

Delphi receives no new bidders on assets
Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.

GM borrows additional $4 billion from government
General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $19.4 billion in loans from the U.S....

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