GM talks with Delphi about retaking parts plants

TROY, MICHIGAN: General Motors Corp says it may take back some factories from Delphi Corp, the parts-making unit it spun off 10 years ago.

GM No. 2 executive Fritz Henderson says talks are under way for possible transfer of some plants should Troy-based Delphi fail to emerge from the bankruptcy protection it entered in 2005.

Henderson says GM and Delphi must solve Delphi's financial woes and says GM's bailout plan has money for that purpose.

But he says if no deal is reached, GM will take back an unstated number of plants and inject cash into Delphi.

GM presented a survival plan Tuesday with sharp job and plant cuts and a request for up to $30 billion in US aid.