Delphi gets nod to invite bids for steering unit

Newswire

By Paritosh Bansal NEW YORK, Dec 20 (Reuters) - A U.S. Bankruptcy Court judge gave Delphi Corp the go-ahead on Thursday to invite further bids for the bankrupt auto maker's global steering and halfshaft business. U.S. Bankruptcy Judge Robert Drain also approved the sale of the bankrupt company's interiors business and extended the time it has to exclusively file a plan of reorganization and seek approval for it. Delphi, formerly a unit of General Motors Corp , filed for bankruptcy in ...

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