Delphi agrees to sell global steering business

martedì 11 dicembre 2007 04:24

NEW YORK Dec 10 (Reuters) - Bankrupt auto-parts maker Delphi Corp. DPHIQ.PK said on Monday it had signed a master sale and purchase agreement with Steering Solutions Corp., a unit of Platinum Equity LLC, for the sale of its global steering and halfshaft businesses.

Delphi also entered into a transaction facilitation agreement for its former parent, General Motors Corp (GM.N: Quotazione), to make certain commitments to Delphi in connection with the sale. (Reporting by Ilaina Jonas)