TROY, Mich. -- Delphi Executive Chairman Steve Miller told attendees at the Automotive Supplier Finance Summit in Detroit yesterday that the auto parts supplier needs about $3.5 billion to $4 billion to emerge from Chapter 11.

The Troy, Mich.-based supplier plans to raise the money through a mix of debt and sale of stock in the reorganized company, according to a report from the Detroit Free Press. Delphi needs to raise less money, in part, because GM boosted its contribution to the company. That includes recently shifting $3.4 billion in pension debt to GM, according to the Free Press report.

Delphi has been under bankruptcy protection for nearly three years.