GM looking for potential buyers of Delphi "non-core" business units

With Delphi's recent announcement that it will close over twenty plants in the US, and dramatically slim its number of "core competencies," General Motors is not just looking for new sources for business that Delphi wants to dump - it's trying to talk its best suppliers into purchasing complete business units from the bankrupt supplier. This according to GM purchasing chief Bo Andersson, who shared the news at a supplier meeting set up by the Original Equipment Manufacturers Association.

Andersson also confirmed that GM is indeed stockpiling parts to deal with a work stoppage at Delphi, but refused to go into any further detail as to the automaker's contingency plans and that the automaker is willing to shell out " a lot of money" to deal with the Delphi/GM/UAW love triangle.

[Source: Associated Press via Yahoo Business]