Delphi to bid for Grundig car radio unit -source

Newswire

MUNICH, Nov 17 (Reuters) - The world's biggest car parts maker, Delphi , will launch a bid to buy the car radio division of insolvent radio maker Grundig [GRNG.UL] on Monday, an industry source said. "It will be announced today," the source told Reuters. The U.S. comopany informed the German cartel office about its interest in buying the Grundig Car Intermedia Systems unit earlier this month. Grundig, Germany's best-known maker of televisions and radios, filed for insolvency in April. ...

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