Delphi Finally Exits Bankruptcy

Delphi, the automotive parts maker that was spun off from General Motors, has finally emerged from its stay in bankruptcy after a protracted four-year stint with bankruptcy protection as the company got its financials back in order. According to the company, the final push to get Delphi out of bankruptcy involved the sale of assets to lenders and to General Motors, its parent company.
The new company, post-bankruptcy, will be called Delphi Holdings, and its newfound stability comes as a great relief to General Motors. GM has spent plenty of money to make sure that Delphi’s reorganization went through smoothly, placing …read more