Tuesday, June 26, 2007

GM says Delphi-UAW deal leaves liability unchanged

(Reuters) - GM has already taken $6 billion in charges related to
Delphi, which is seeking to emerge from bankruptcy as a smaller
parts supplier with sharply lower labor costs.




GM repeated in its Tuesday filing with the Securities and
Exchange Commission that it expected to pay Delphi $500 million
to offset labor costs as the supplier emerges from bankruptcy.


Read more at Reuters.com Bonds News

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