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NBC NEWS • Advertisement RESOURCE GUIDE• • • • • • • • Sponsors Delphi files for bankruptcyAuto parts maker to continue negotiations with UAW GM The Delphi Corp headquarters in Troy Mich Carlos Osorio AP File LIVE QUOTE Data and delayed min Getty Images THE DRIVER'S SEAT WITH ROLAND JONES• Related Stories • Most Popular• Most Viewed• Top Rated• Most E mailed• • • • • • • • • • • • • • • • • • Updated p m ET Oct DETROIT Delphi Corp the nation’s largest auto supplier filed for bankruptcy Saturday sending shock waves through a U S auto industry already weakened by high labor costs and falling market share Delphi’s bankruptcy which is expected to result in plant closures and layoffs is one of the largest in U S history The company has U S employees The company filed to reorganize its U S operations in federal bankruptcy court in New York where a judge Saturday allowed Delphi to continue operating while more hearings were scheduled Delphi’s non U S operations were not included in the filing advertisement Delphi Chairman and CEO Robert
Error processing SSI file Essentials Autos Business Metro Nation World Sports Entertainment Living Forums Weblogs RSS Sunday October Staggering blow Delphi's bankruptcy ominous sign for fading auto industry UAW showdown looms as company plans to shutter U S plants cut workers slash benefits By Bill Vlasic and Brett Clanton The Detroit News A future with Delphi? Delphi workers In light of the bankruptcy filing by Delphi do you feel that you still have a future with the company? John M Galloway The Detroit NewsDoris Biddix retiree from Adrian This town already needs jobs How are they going to find jobs if Delphi closes the plants? The reality is they are going to have to go elsewhere to find work John M Galloway The Detroit NewsDeborah Gushard school employee from Adrian There aren't a lot of stable jobs anymore any job that can be sent overseas might get sent there John M Galloway The Detroit NewsCindy Perry of Blissfield It's sad A lot of people in this town depend on the Delphi plant If it closes it's going to take a real toll on this town and the economy Error processing SSI file The American auto industry was rocked to
Error processing SSI file Essentials Autos Business Metro Nation World Sports Entertainment Living Forums Weblogs RSS Sunday October Staggering blow Delphi's bankruptcy ominous sign for fading auto industry UAW showdown looms as company plans to shutter U S plants cut workers slash benefits By Bill Vlasic and Brett Clanton The Detroit News A future with Delphi? Delphi workers In light of the bankruptcy filing by Delphi do you feel that you still have a future with the company? Error processing SSI file John M Galloway The Detroit NewsDoris Biddix retiree from Adrian This town already needs jobs How are they going to find jobs if Delphi closes the plants? The reality is they are going to have to go elsewhere to find work John M Galloway The Detroit NewsDeborah Gushard school employee from Adrian There aren't a lot of stable jobs anymore any job that can be sent overseas might get sent there John M Galloway The Detroit NewsCindy Perry of Blissfield It's sad A lot of people in this town depend on the Delphi plant If it closes it's going to take a real toll on this town and the economy Error processing SSI file The American auto
A Bumpy Road for Delphi GM and U S Auto Workers Published November in Knowledge@Wharton This article has been read Times Following the October announcement that Delphi the nation's largest auto parts manufacturer is filing for reorganization under Chapter of the U S Bankruptcy Code one thing became clear the road ahead is going to be bumpy not only for Delphi but also for General Motors the United Auto Workers and the federal Pension Benefit Guaranty Corp the government run entity that stands behind defined benefit plans when they are terminated Experts at Wharton and elsewhere who follow the auto industry say Delphi's decision to file for bankruptcy was hardly surprising but nonetheless significant Also important was GM's subsequent announcement on October that it had reached a tentative agreement with the UAW to cut the healthcare benefits of unionized retirees reducing by about billion the company's billion in healthcare obligations to retirees On the same day GM announced a loss of billion for the third quarter its largest quarterly loss in more than years GM also said it was considering selling a controlling interest in General Motors Acceptance Corp its highly profitable finance subsidiary as part of an overall