Delphi sees liquidity halving by March 2009

Newswire

DETROIT, Nov 26 (Reuters) - Delphi Corp forecast on Wednesday its cash holdings would nearly halve by March next year as the bankrupt U.S. auto parts maker seeks consent from its lenders to extend the term of its bankruptcy loans. Delphi, which is operating under Chapter 11 bankruptcy protection, expects its cash and other available liquidity to drop to $851 million by the end of March 2009, from $1.68 billion at the end of October, it said in a filing with the U.S. Securities and Exchange ...

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