US: Delphi acquires its shares held by GM & PBGC

Delphi Automotive has announced that it has purchased the Class A membership interest held by General Motors for US$3.8bn. The company has also purchased Class C interests owned by the Pension Benefit Guaranty Corporation (PBGC) for US$594m. These transactions fully retire the ownership shares acquired by GM and PBGC in connection Subscribe to Automotive World … Continued

• By Webmaster
• April 1, 2011