Automotive parts maker going alone this time Delphi Corp., the former automotive parts-making arm of General Motors, has filed a new reorganization plan three years after the Troy, Mich., firm filed for Chapter 11 bankruptcy reorganization The Detroit News says that while Delphi has used the last three years to overhaul its business, it has spent the last few months renegotiating deals with its largest stakeholders, including creditors and its former parent, to put it in a position to shop for the financing it needs to exit bankruptcy. Delphi has no investor lined up and now plans to reorganize on its own--still needing to raise $3.75 billion through debt and equity offerings. Delphi values itself at $7.2 billion compared with a valuation of $12.8...
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