Much of the recent media focus has been on General Motors Corp.’s talks with Nissan Motor Co. Ltd. and Renault SA. But solving the Delphi Corp. equation is the real No.1 concern at GM, a top executive says. A “Delphi resolution is the top priority in Q3,” GM Vice Chairman and Chief Financial Officer Fritz Henderson declares in a presentation to securities analysts. “Delphi remains a significant overhang on the company,” he says. “We have a small group of people working a lot of hours ...

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