updated 12/15/2006 4:09:23 PM ET 2006-12-15T21:09:23

General Motors Corp. Chief Financial Officer Fritz Henderson said on Thursday it is "feasible" but "would be tight" for the auto maker to hammer out a deal with Delphi Corp. by the end of the first quarter of 2007, the Wall Street Journal reported on its Web site.

The paper reported him saying in an interview that it "is actually quite feasible" they could have an agreement in place by the end of the second quarter.

GM and Delphi, which is GM's former parts unit and is under bankruptcy protection, are negotiating over how much the auto maker must pay to cover the costs of pensions and other benefits for Delphi union workers who spent part of their careers as GM employees, the paper said.

GM was not immediately available for comment.

(c) Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com