Delphi seeks $6 billion aid from GM - report

Newswire

DETROIT, Sept 28 (Reuters) - Struggling U.S. parts supplier Delphi Corp. has asked General Motors Corp. for a bailout package worth $6 billion to help avoid a bankruptcy filing, news agency Bloomberg said on Wednesday. Delphi aims to use the cash from GM to reduce expenses by offering some long-time workers bonuses to retire, quit or accept lower pay, Bloomberg said, citing people familiar with the situation. The money could also be used to pay for pensions and health care for the ...

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