GM foregoes 2006 price cuts on Delphi parts
Nov 28, 2005 | 09:04 AM
| Philip Burgert
General Motors Corp. has agreed to temporarily forego previously scheduled 2006 price reductions on components made by Delphi Corp. to help the supplier's financial situation.
The ailing automotive supplier said it would have no further comment on what it described as accelerated talks with Detroit-based GM. The No. 1 U.S. automaker, which is Delphi's biggest customer and was the supplier's parent before Delphi was spun off in 1999,....
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