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Warranty Parts Claims Lawsuit


Delphi Corp. must pay GM $200 million.


Warranty Parts Claims

New York, NY: (Sep-27-07) General Motors Corp. brought charges against auto-parts maker Delphi Corp., over damage claims and warranties for parts it supplied. As part of a settlement reached, a federal judge approved a $200 million settlement between the parties. The deal calls for Delphi to pay GM $130 million in cash over time and ship about $70 million in replacement parts. Delphi said it retains the right to take action against other manufacturers of the products and will split with GM the money it recovers from the other firms. Sources claimed that the deal reduces more than $530 million in damage claims filed by GM in 2006. Delphi, the former parts-making division of GM, has been in bankruptcy since October 2005. Its $200 million warranty settlement with GM comes after the company reached a wide-ranging deal with GM to settle issues over supplies, pricing, retirement liabilities and plant closings and sales. [MARKET WATCH: WARRANTY CLAIMS]


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 is===1

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...

Protection from damages from Internet advertising fraud for owners of an Incorporated company?
The "corporate veil" that ordinarily protects business owners and managers from ...

Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...

Once a storage company takes possession of a stored asset and attempts to sell it to satisfy delinquent storage fees, can they continue to charge for storage?
what we found out is that the guy held onto the car since 99 and now wants all s...

I have a collection account on my credit report which states a later "account opened" date than the original creditor's default date on the very same report. What should I do? Do not want to file for bankruptcy.
You might consider contesting the account problem in question. If you call the c...


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