[Perian]

This chapter 11 filing by Delphi will change everything for GM.

I predict it will make it MUCH easier for GM to do the same one day in the near future.

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I preface that statement by stating that too many things have to fall into place to prevent it.
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Think about it.

GM needs:

Health Care relief.
Pension relief.
Decrease in the cost of purchased parts and materials.
Low inflation, interest rate driven economy.
A perfect GMT900 launch.
Decrease in gasoline costs.
A great UAW contract.
A few more Chevy HHR blockbusters.
Etc, Etc.

This chapter 11 filing by Delphi and its' possible outcome of broken union contracts, reduced health care and the abandonment of pension funds to the PGRB will rock the automotive industry.