GM to build homes for Delphi employees in Mexico.

General Motors Corp., fresh from the huge Renaissance Center real estate deal in Detroit, is building homes for several thousand Delphi Automotive Systems employees in Mexico. An agreement with Mexico's housing authority and Michigan-based homebuilder Pulte Corp. will result in some 6,000 starter homes for Delphi employees. "Without this partnership between government and private industry, such housing would remain only a dream for many of our Mexican employees," says GM Chairman Smith. The housing authority will make low-interest loans available to purchase the homes and Delphi will match monthly employee contributions in a dedicated downpayment savings account.