Auto parts maker Delphi emerged from bankruptcy after four years following the close of a sale of assets to a partnership of its lenders and General Motors Co. known as Delphi Holdings LLP. On July 30, Delphi received bankruptcy court approval to...
American Axle & Manufacturing shares ride a Barclays Capital upgrade to a 24% gain on Friday -- just another ho-hum rally in a sector that has been scorching hot this year.
Delphi Corp. received bankruptcy court approval to sell its assets to its lenders and General Motors Co., The Wall Street Journal reported Thursday on its Web site. The approval allows Delphi to emerge from bankruptcy after four years. Delphi...
A group of hedge funds that provided bankruptcy funding to Delphi Corp. on Monday won an auction to take control of the parts maker in exchange for relinquishing $3.5 billion in debt. Delphi's board, as well as General Motors Co. offered their...
AQABA, Jordan (MarketWatch) -- The U.S. Pension Benefit Guaranty Corp. will assume the responsibility for paying pensions to 70,000 workers and retirees of Delphi Corp. , the agency announced Wednesday. The agency will take on about $6.2 billion...
Delphi Corp. said late Friday that no potential alternative bids to the proposed transaction with Parnassus Holdings LLC announced on June 1 have been submitted by the time a set deadline passed. Parnassus is an affliate of Platinum Equity LLC...
A federal bankruptcy judge said that auto parts maker Delphi Corp. needs to auction assets publicly rather than using a plan floated by General Motors Corp. , according to media reports Wednesday. The ruling stands to benefit Delphi lenders who...
General Motors Corp. will provide more than $2.5 billion to finance the buyout of bankrupt auto-parts supplier Delphi Corp. by private-equity firm Platinum Equity, according to a report Friday in The Wall Street Journal, which cited an unnamed...
American Axle & Manufacturing Holdings Inc., says it expects production shutdowns at bankrupt General Motors Corp. and Chrysler to cut deeply into its revenue and operating results.
Delphi Corp. said Monday it has reached agreements to allow the bankrupt auto parts maker to emerge from its Chapter 11 reorganization. The company also said it agreed to sell certain U.S. plants to certain affiliates of General Motors Corp. ...
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