Delphi liquidation looms large - WSJ

Newswire

Aug 29 (Reuters) - Bankrupt U.S. auto parts maker Delphi Corp may end up being liquidated, with some U.S. plants being taken over by its former parent General Motors Corp , the Wall Street Journal said, citing people involved in the bankruptcy process. Even if that doesn't happen, GM's financial obligation could grow by billions of dollars, the paper said. The report, however, quoted a Delphi spokesperson saying it doesn't intend to liquidate. "We've not thrown that word around," the ...

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