General Motors
ORG
General Motors
The Delphi Corporation operating in bankruptcy said that it would keep talking with its unions and General Motors in a bid to reach a deal on lower wage and benefit rates. Delphi, which was part of G.M. until 1999, filed for Chapter 11 protection in October. G.M. lost $8.6 billion in 2005, and it announced a plan in November to close all of or part of 12 plants, and cut 30,000 jobs. G.M. estimated that Delphi's bankruptcy could cost it up to $12 billion. The Delphi Corporation, which is operating in bankruptcy, said that it would keep talking with its unions and General Motors in a bid to reach a deal on lower wage and benefit rates. A strike at Delphi, which is G.M.'s biggest supplier, would probably cripple G.M. within days and would come at a time when G.M. is struggling. G.M. lost $8.6 billion in 2005, and it announced a plan in November to close all of or part of 12 plants, and cut 30,000 jobs. G.M. has estimated that Delphi's bankruptcy could cost it up to $12 billion. 