GM says could take 2nd qtr $1 bln charge on Delphi


DETROIT, May 24 (Reuters) - General Motors Corp. could take a $1 billion in the second quarter in relation to its financial exposure to Delphi Corp , GM spokeswoman Renee Rashid-Merem said on Thursday. The No.1 U.S. automaker in a U.S. Securities and Exchange Commission filing that its exposure to bankrupt auto parts maker Delphi Corp. was probably $7 billion. "We have taken a $6 billion charge to date," Rashid-Merem said. "In order to hit that $7 billion, we would potentially take an ...

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