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Newswire

Delphi to sell Wheel Bearings business for up to $44.2 mln

Jan 17 (Reuters) - Auto parts maker Delphi Corp said it agreed to sell its Wheel Bearings business to private equity firm Resilience Capital Partners for up to $44.2 million. The company, which filed for bankruptcy protection in October 2005, said a final sale hearing is expected to be set in the first quarter of 2008. (Reporting by Anant Vijay Kala in Bangalore; Editing by Pratish Narayanan)