NEWS ANALYSIS: Delphi fate: Chapter 11 or settlement?

By David Barkholz, Automotive New

Delphi CEO Steve Miller says he wants assurances of a bailout by Oct. 17, or the supplier will seek bankruptcy protection.

DETROIT — Within a week, Delphi Corp. could take the North American auto industry into uncharted territory.

Delphi, the continent’s largest automotive parts supplier, threatens to file Chapter 11 bankruptcy protection for its US operations by Monday, Oct. 17, if it can’t at least get assurances of a multibillion dollar bailout from General Motors and the UAW.

A Delphi bankruptcy filing would be…

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