Delphi chief would prefer not filing Ch 11 - WSJ

Newswire

NEW YORK, Sept 21 (Reuters) - The head of auto parts supplier Delphi Corp. said he would rather fix the company out of court rather than file for bankruptcy protection, the Wall Street Journal reported on Wednesday. "Not going into Chapter 11 is much to be preferred," Chairman and Chief Executive Robert "Steve" Miller told the newspaper as the company's stock fell to an all-time low on Tuesday. Miller has previously said Delphi needs to negotiate concessions from its union workers and ...

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