GM Inside News Forum - View Single Post - Delphi CEO Sees Major Downsizing in Bankruptcy

**mgescuro** · 10-10-2005, 02:25 AM

If you have a subscription to the WSJ Online or pick up a copy of the Journal at the local newsstand, the entire article really is worth a read.

Delphi has secured $4.5B in 3rd party financing to fund global operations, with plans to exit bankruptcy in 2007.

No doubt that Delphi has a long road ahead, but they need to take it one step at a time if they want to survive.

There is of course the requisite UAW jabs at Delphi for creating packages for the Executive staff. That's par for the course. Delphi needs management in order to pull out of bankruptcy. Sorry Gettelfinger, that's they way the ball bounces.

10-10-2005, 02:25 AM	#2 (permalink)
mgescuro GMI Staff Member Join Date: Jan 2003 Location: San Francisco Bay Area Posts: 24,772	Re: Delphi CEO Sees Major Downsizing in Bankruptcy If you have a subscription to the WSJ Online or pick up a copy of the Journal at the local newsstand, the entire article really is worth a read. Delphi has secured $4.5B in 3rd party financing to fund global operations, with plans to exit bankruptcy in 2007. No doubt that Delphi has a long road ahead, but they need to take it one step at a time if they want to survive. There is of course the requisite UAW jabs at Delphi for creating packages for the Executive staff. That's par for the course. Delphi needs management in order to pull out of bankruptcy. Sorry Gettelfinger, that's they way the ball bounces. __________________ 2000 Saab 9-5 Aero 1995 Mercedes C280 1994 Jaguar XJ6 ...when all hope is gone, you know sad songs say so much... My Vision of Cadillac My Vision of Cadillac (REDUX)