By Leftlane Staff
Tuesday, Aug 8th, 2006 @ 9:03 am

General Motors has made a “multibillion-dollar” demand for payment against Delphi, the bankrupt auto part supplier that was a part of GM until 1999. Delphi has been relying on to help carry out its bankruptcy reorganization. Delphi said it has its own demands for payment to make against GM. Its creditors have estimated GM’s debt to Delphi in the “billions of dollars.” Delphi — America’s largest auto parts supplier — blamed GM in March for many of its financial difficulties, saying “as a result of the manner in which Delphi was created…the debtors’ products do not represent a strategic vision.” It filed for Chapter 11 protection last October, listing $22 billion in debt.

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