NEW YORK (AP) -- A lawyer for Delphi Corp. says the auto parts maker has changed a tentative agreement on how much General Motors Corp. will contribute to help it emerge from bankruptcy.
Under the proposed changes presented in bankruptcy court, a portion of Delphi shares that would have gone to GM under a $2 billion claim would go to creditors instead. The creditors could get stock worth up to 20 percent of their claims. GM would still get the rest.
GM is Delphi's former parent. Its role in the case grew by necessity when a group of equity investors pulled out of a deal to invest up to $2.55 billion in April.
But Delphi's creditors had objected to the company's latest deal with GM, saying it would give the automaker too much control over Delphi's Chapter 11 process.