Delphi Corp. said on Friday it is in talks with former parent General Motors Corp. and its main unions about a restructuring of its unprofitable operations, and shares of the auto parts supplier fell almost 19% in premarket trading.
Delphi also said it would draw $1.5 billion from a $1.8 billion revolving credit facility, and said it was connected with the negotiations.
*For more on this story,
