Delphi says to make monthly payments to suppliers

Newswire

CHICAGO, Sept 30 (Reuters) - Struggling auto parts supplier Delphi Corp. said on Friday it will make its scheduled monthly payments to suppliers and that it ended the third quarter with a cash balance in excess of $1.6 billion. Delphi, the largest U.S. auto parts supplier, said it chose not to make a voluntary repayment under its $1.8 billion revolving credit facility required to remain in compliance with a financial covenant so it could maintain added liquidity for its restructuring. ...

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