Delphi logo 250 PR PhotoAccording to Reuters, GM has agreed to provide short-term financial support to Delphi by temporarily giving up previously GM logo (fixed)negotiated price reductions on auto parts for 2006.

In what appears to be a quid pro quo, Delphi announced that it would delay its plans to ask the bankruptcy court to summarily reject its labor contracts, reducing the danger of a strike that would cripple GM.

GM sourced more than $15 billion in components from Delphi in 2004.

Delphi previously threatened to file motions to reject its labor contracts by December 16, if agreements with the unions had not been reached.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X