WILMINGTON, DE – There will be no General Motors Corp.-orchestrated financial rescue of former parts making unit Delphi Corp., which was spun off in 1999, GM's top executive says. Ford Motor Co. agreed in May to resume control of 24 plants owned by its financially struggling former parts maker Visteon Corp., which was spun off in 2000. (See related story: Ford Back in Parts Business) The bailout of Visteon, which has not posted an annual profit in its five years of independence, will ...
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