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NEW YORK (Reuters) - Delphi Corp (DPHIQ.PK) on Thursday said it had reached a preliminary agreement with its creditors’ committee and former parent General Motors Corp (GM.N) on changes to GM’s support for the auto-parts maker’s plan to emerge from bankruptcy protection. ADVERTISEMENT

Pending final agreement, the creditors would withdraw their objections to the plan, which calls for GM to provide $10.6 billion in support, including the assumption of $3.4 billion in pension obligations for Delphi’s hourly workers.

Possible scenarios include GM accepting preferred Delphi shares, or splitting administrative proceeds 50-50 with Delphi’s unsecured creditors. Delphi’s board has approved the changes, and GM is expected to do so later on Thursday, Delphi lawyer Jack Butler told the U.S. Bankruptcy Court.

A court hearing on the matter will resume later on Thursday.

Delphi has argued increased GM support was crucial to its emergence from bankruptcy protection, which it has said it hopes to do by the end of this year. The company has operated under court protection since October 2005.

Under its revised proposal — which earlier met opposition from creditors concerned it would reduce their payout — much of the financial support that GM had planned to offer upon Delphi’s emergence from bankruptcy would be paid out earlier.

  Chrysler 300 grills dash kit review . One of Bilfeber’s readers that works near the Volvo Museum in Gothenburg spotted these cool Volvo pickup trucks parked in front of the museum. We see a 6-wheeled XC90 pickup truck towing a platform with an XC70 pickup truck. That’s quite impressive and it’s a shame Volvo only created those for the museum. I think I’d would really have a shot on the market if they’d introduce production versions of these.Chrysler 300 grills dash kit review .

car grills, billet grills dash kit review.  Yesterday, I had the chance to drive the new Fiat 500 and I must say it’s quite a cool car. I’ll write a post with all my impressions, next week. Meanwhile, you can check out the photo gallery, here.

Also, next week, we’ll post the Audi A4 review. Though we drove the car back in March, at the Geneva Motor Show, we also wanted to make a video of the A4, but our video editing skills suck, so we decided to publish the review as it is now. We’re sorry it took so long, but we really wanted to make a quality material.

We also want to start a new section. Because some of you, our readers, sent us photos of your rides, we’ll start the “AU Readers’ Cars” section, which will include photos of your cars. So, if you want to share your rides and your thoughts, please drop an e-mail at info@autounleashed.com. It would be cool to see what we drive, because, after all, we all love our cars, even if it’s an old piece of junk or a brand new Bugatti Veyron.
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