Oct 7, 2009 -
They Did Come Back
DETROIT — Auto parts maker Delphi ended four years in bankruptcy court Tuesday, emerging as a private company and removing a major uncertainty for former parent General Motors.
The group acquiring the now much smaller Delphi will forgive nearly $3.5 billion of bankruptcy loans and will invest $900 million in capital.
It may remove some uncertainty from GM's situation, but that doesn't mean GM should plan on being the big dog in town any time soon.
