UPDATE 1-Delphi hearings underway after GM delay request

Newswire

(Updates with court proceedings underway, updates share price) DETROIT, May 24 (Reuters) - A hearing in the bankruptcy case of auto parts maker Delphi Corp. continued Wednesday morning, a day after General Motors Corp. asked the judge to postpone the proceedings to give the companies more time to reach a deal with their unions. Delphi has sought permission from U.S. Bankruptcy Court in the Southern District of New York to cancel labor contracts with its unions, a move that could prompt a ...

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