Friday, June 15, 2007

Delphi to sell Mexican brake plant to Bosch

(Reuters) - The proposed sale to Robert Bosch and its Frenados Mexicanos affiliate includes a plant in Saltillo, Mexico, machinery and equipment, and the assignment and assumption of certain contracts, Delphi said.



Delphi, which filed for bankruptcy in October 2005 and plans to sell several business units, said it would seek a U.S. Bankruptcy Court hearing on June 26 on bidding procedures for the plant, and a final sale hearing on July 19.


Read more at Reuters.com Bonds News

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