delphi goes under
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Fleet Owner
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From: Brentwood,CA
delphi goes under
i figured this may happen and it did .
http://www.comcast.net/finance/index...09/237971.html
http://www.comcast.net/finance/index...09/237971.html
Last edited by Beast12; Oct 9, 2005 at 07:45 AM. Reason: gave updated link...
Senior User
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From: Michigan City, Indiana
Originally Posted by CowboyBilly9Mile
I seem to remember hearing not too long ago that GM was caught quietly transferring money to Delphi and therefore propping them up.
a buddy of mine works for them and this has been rumored for a long while
Fleet Mechanic
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From: Lower Mainland B.C.
"Delphi is required to pay GM wages of $27 an hour to most of its 24,000 UAW-represented workers. That's double the level of competing suppliers, according to Standard & Poor's Ratings Services. Delphi also had to pay full wages and benefits to 4,000 laid-off workers in jobs banks, which cost it $400 million each year."
notice I bolded the name of the ratings service?
notice I bolded the name of the ratings service?
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From: Bayonne NJ
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Laughing Gas
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Laughing Gas
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From: arizona
I use to work for them a long time ago in dayton, ohio. They were called delco chassis back then. It's hard to believe that they r going under since they do so much.
I may also drop some money into these guys because they should try to make a come back and be worth a lot of money.
I may also drop some money into these guys because they should try to make a come back and be worth a lot of money.
Post Fiend
Joined: Jun 2002
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From: Atlanta GA
Originally Posted by kevincw
They filed the day after giving 12 of there top people increases.
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From: Damascus-Boring, Ore
Originally Posted by CowboyBilly9Mile
I seem to remember hearing not too long ago that GM was caught quietly transferring money to Delphi and therefore propping them up.
http://www.detnews.com/2005/insiders...A01-341884.htm
60% proposed wage cut for factory floor workers? There's a war being waged on the middle class in this country- it's being waged on the fronts of wages, healthcare, and retirement benefits. I'm dumbfounded that more folks haven't figured this out. That's an economic, not a political comment- this has been going on for almost a decade.
The real question with Delphi is who the last domino will be.
Elder User
Joined: Jun 2005
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Delphi was done for the day GM spun them off. That was the idea. GM did the same thing to (4) Inland Fisher Guide plants in the early 90's and called them "Peregrine". They lasted long enough for the car models to be phased out or Gm to pay for tooling in Mexcio to replace the equipment at Peregrine. In each case the high cost of labor was a major factor.