UPDATE 1-Delphi plans interiors unit sale to Rennert

Newswire

(Adds details of plans, background) CHICAGO, Feb 20 (Reuters) - Bankrupt auto parts maker Delphi Corp. has signed a nonbinding agreement to sell its interiors business to billionaire industrialist Ira Rennert's Renco Group Inc., Delphi said on Tuesday. Delphi, which expects to sell several businesses under plans to reorganize and exit bankruptcy, said the sale was subject to due diligence and approval of the U.S. Bankruptcy Court for the Southern District of New York. The unit has ...

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