(Reuters) - GM said it would pay Delphi $300 million to $400 million in annual labor-related charges, and make annual transitional payments of about $100 million, but noted the total and specific amounts and payment periods were subject to negotiation.
GM said the costs will be more than offset in the long term by savings from cuts to the $2 billion price penalty it now pays Delphi annually for systems, components and parts.
Read more at Reuters.com Business News
GM said the costs will be more than offset in the long term by savings from cuts to the $2 billion price penalty it now pays Delphi annually for systems, components and parts.
Read more at Reuters.com Business News
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