US CREDIT - Delphi may weaken further

Newswire

NEW YORK, June 23 (Reuters) - It costs a lot to short Delphi Corp.'s credit as the ailing auto parts supplier attempts to repair itself, but it may still make sense, analysts and traders said on Thursday. The former General Motors Corp. unit on Thursday named turnaround specialist Robert Miller as its next chief executive to lead the company's accelerating restructuring. Miller will focus on cutting Delphi's high North American labor costs that it inherited from GM. But hiring Miller ...

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