DETROIT -- Recent news reports say that California-based investment firm Platinum Equity will get a little help from General Motors (GM) to fund its acquisition of Delphi Corp.

In addition to agreements already made between GM and Delphi, GM has reportedly agreed to provide Platinum Equity with more than $2.5 billion for its acquisition of Delphi. A total of $3.6 billion is needed, and Platinum is expected to invest no more than $750 million in the deal, reports say. Parnassus Holdings, an affiliate of Platinum Equity, will operate Delphi's U.S. and non-U.S. businesses going forward.

As part of its confirmed Plan of Reorganization announced earlier this week, Delphi will sell certain U.S. plants to certain affiliates of GM including Delphi's global steering operations, and U.S. manufacturing sites located in Kokomo, Ind.; Wyoming, Mich.; Lockport, N.Y.; and Rochester, N.Y.

GM has also agreed to provide Delphi with up to $250 million to help fund operations through July 31, in support of its pending emergence from bankruptcy.