DETROIT -- Delphi Corp. will determine the fate of its generators unit by July 17, extending the deadline by 17 days at the request of the UAW. The Troy, Mich., supplier already has reached agreements with customer General Motors and Delco Remy International Inc., which is trying to buy the $500 million business.
Finalizing employment issues with the UAW is the last step to completing a deal, a Delphi spokesman said.
The generators business, which has been losing money, employs about 1,700 people, including 1,400 hourly workers. Delphi had said it would shut down the unit if it couldn't work out the sale to Delco Remy by the end of June.