Posted at: 11/03/2009 6:36 AM | WHEC.com
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GM buys Delphi's Rochester facility
General Motors says it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division.
The Detroit automaker said that the Treasury Department granted the release of $1.7 billion to acquire part of the new Delphi entity that emerged from bankruptcy protection. GM also will use $1.1 billion to buy Delphi's global steering business and four parts manufacturing facilities, which includes the one in Rochester.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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