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Delphi to sell Mexican brake plant to Bosch

From Reuters| June 18,2007

Bankrupt U.S. auto parts maker Delphi Corp. said today it plans to sell a brake components business in Mexico to Germany's Robert Bosch LLC and an affiliate for about $15 million.

The proposed sale to Robert Bosch and its Frenados Mexicanos affiliate includes a plant in Saltillo, Mexico, machinery and equipment, and the assignment and assumption of certain contracts, Delphi said.

Delphi, which filed for bankruptcy in October 2005 and plans to sell several business units, said it would seek a U.S. Bankruptcy Court hearing on June 26 on bidding procedures for the plant, and a final sale hearing on July 19.

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