DETROIT AP - Delphi Corp. Executive Chairman Steve Miller says the auto parts maker's turnaround plan is generating $20 billion to $30 billion per year in new business that will be an engine of growth for the company when it exits bankruptcy protection.Leaving Chapter 11 will take more time, however. In the face of declining U.
April 16, 2008 at 12:00 AM
1 minute read
DETROIT AP – Delphi Corp. Executive Chairman Steve Miller says the auto parts maker’s turnaround plan is generating $20 billion to $30 billion per year in new business that will be an engine of growth for the company when it exits bankruptcy protection.
Leaving Chapter 11 will take more time, however. In the face of declining U.S. auto sales, tight capital markets have made investors wary about the Troy-based company, making it difficult to pull together the financing it needs.
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