General Motors will likely financially help bankrupt auto parts supplier Delphi in negotiations with its union, Delphi's chief executive officer said late yesterday. Delphi, which was spun off by GM in 1999, filed for bankruptcy protection in October. The company's CEO has said that Delphi must cut wages, benefits and jobs for hourly workers to reorganize its money-losing U.S. operations.
See "Delphi CEO Says GM Helping in Union Talks", Reuters, The New York Times, January 16, 2006