The European Commission Wednesday cleared the private equity company Platinum Equity LLC to buy parts of U.S. auto supplier Delphi Corp.

Delphi (DPH), which was spun off from General Motors Corp. (GM) in 1999 and filed for bankruptcy in 2005, plans to sell most of its global operations to Platinum Equity.

-By Peppi Kiviniemi, Dow Jones Newswires; +32 (0)2 741 1 483; peppi.kiviniemi@dowjones.com