Delphi makes GM pensions deal

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US - Automotive parts supplier Delphi has moved some of its unfunded pension liabilities to parent company General Motors (GM) and has not applied to the Pension Benefit Guaranty Corp (PBGC) to increase pension funding waivers.

In its quarterly report, Delphi said it was committed to "funding and freezing at emergence" its pension plans, which it expected to be able to do by a combination of cash contributions and transfe...

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