Auto-parts maker Delphi (DPHIQ) said a deadline has passed without an alternative to a bid from...

|By:, SA News Editor

Auto-parts maker Delphi (DPHIQ) said a deadline has passed without an alternative to a bid from Parnassus Holdings - a deal which brings Delphi closer to emerging from Chapter 11 protection and helps guarantee GM's supply chain. JP Morgan Chase (JPM) may submit a credit bid.