DETROIT -- Delphi Corp. posted a net loss of $249 million in May. That brings the troubled auto supplier's net losses for the first five months of 2006 to $754 million, according to documents filed last week in U.S. Bankruptcy Court in New York.
Delphi, of Troy, Mich., said in court filings that the five-month performance was better than expected. But the company said it still could finish the year with losses of about $2 billion because of second-half downturns in auto production.
Delphi said total revenue was $1.60 billion in May and $7.72 billion for the five-month period. Comparable data for the same period last year is not included in the report.
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