GM's Delphi obligation at least $3.6 billion - Autoblog

GM Pegs Cost of Delphi Bailout from $3.6 to 12 Billion

In its earnings announcement, GM set aside $3.6 Billion to cover Delphi costs, but it announced that costs could be as high as $12 billion.

Now, remember GM lost $8.6 million in 2005 including $3.6 from Delphi. This means that there is a potential additional $8 Billion from Delphi. If GM loses another $5 Billion next year from regular operations, that will put GM dangerously close to technical bankruptcy.

href="http://www.autoblog.com/2006/01/26/gms-delphi-obligation-at-least-3-6-billion/">GM's Delphi obligation at least $3.6 billion - Autoblog