Delphi
ORG
Delphi
General Motors needs to raise cash because it lost $10.6 billion last year and faces large pension, health care, and severance obligations to its employees and retirees and those of Delphi, the auto parts maker it spun off in 1999. G.M. estimates its liability from the Delphi bankruptcy will be $5.5 billion to $12 billion, meaning that the G.M.A.C. sale may not be enough to cover it.