Delphi’s Loss Increases; Bankruptcy Plan Approved

Parts maker Delphi Corp. reported a net loss in December of $964 million, more than double that of the same month a year earlier, Bloomberg reported.

Delphi’s sales fell 45% to $404 million, while sales to former parent company General Motors Corp. and its affiliates fell by half, to $338 million, Bloomberg said.

A federal bankruptcy judge late last month approved Delphi’s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy protection, the Associated Press reported.