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General Motors Bets the Ailing Parts Maker Will Win Big Labor Savings -- and It Can Follow Suit
BusinessWeek 
Oct. 17, 2005 Excerpt: Delphi Corp. had barely filed for bankruptcy on Oct. 8 when all eyes turned to General Motors Corp. ... It's not hard to see why. In the weeks leading up to Delphi's announcement, many analysts had figured GM would never allow its former parts unit to file for Chapter 11. Doing so meant the already troubled auto maker could inherit up to $11 billion of Delphi's pension and health-care obligations. MORE >> |
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