Delphi Plots Changes To Reorganization Plan

Law360, New York (August 29, 2008, 12:00 AM EDT) -- In the face of growing doubts over what the future holds for bankrupt Delphi Corp., the auto parts maker confirmed Friday that it is working to modify its reorganization plan, seeking to better position itself to successfully emerge from Chapter 11.

Delphi spokesman Lindsey Williams said Friday that Delphi continues to be engaged in numerous discussions with stakeholders aimed at making the necessary revisions, but refused to speculate when a modified plan might be ready to present to the bankruptcy court.

“We're done giving timelines,” said...
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