motownr

It's almost tragic to hear such self-destructive comments. Didn't anybody at the UAW learn ANYTHING from the NWA strike? I think there will be massive picket-line crossing if there are walkouts. Tons of people would die for jobs like these, bankruptcy or not. Plus, the unions are going to find that the public is not on their side on this matter one iota. They've lost the PR battle, they've lost the legal battle, all they have left is their jobs. It would be sad to watch them give those away as well.

As soon as the media has a chance to digest the DPH filing (and specifically Miller's comments about the liklihood of GM and Ford entering Chapter 11), we'll start to see a slew of stories on this topic. Incidentally, some of the big players on Wall Street are predicting Chapter 11 for GM based on their private meetings with.....GM executives.

Whatchu talkin' bout Willis? Is this a prediction of a hot 4.0l as the SRT variant? Regardless of the power, I'm holding out hope for a larger version of the Caliber for the Chrysler brand. The sedan market is simply too competitive to gain any real ground, and so many buyers are preprogrammed to shop the imports in this class. However, people think favorably of the domestics when it comes to SUV-type vehicles. We'd sell tons of something like a Murano or RX350. Women buyers, in particular, love these things, but won't be caught dead in a Pac or a PT. Big opportunity for Chrysler...hopefully they'll address it before GM and Ford roll out their products and suck up all the buyers.

I fail to see how this in anything but positive for the domestic auto producers. The faster they can level the playing field in terms of their cost structures, the more jobs they'll be able to retain. Even as the relative of a union organizer, I fail to see where it says that everyone with a high school education is entitled to: 2 houses, 3 vehicles, 2 Harleys, 2 snowmobiles, limited costs for health care, and 6 weeks of annual vacation. This, believe it or not, is the lifestyle of many of the union guys. My livelihood is directly tied to the pocketbooks of GM and Delphi employees. Chapter 11 for DPH is a nightmare scenario. That said, it's the best outcome for everyone in the long run.

The WSJ is fascinating....do you think GM's braintrust had this in mind all the way along? If the courts help make Delphi a lean, competitive entity, GM wins on every front: they get an ownership stake in a Tier 1 supplier, and they set the tone for solving their own UAW problems. Certainly, if the UAW see whats happens under Chapter 11 at DPH, they'll never make the same mistake twice. I can't wait to see how this thing turns out.

Didn't someone on Wall Street estimate that GM is on the hook for something like 8 BILLION if Delphi enters Chapter 11? The negotiating position of the union in public is really bizarre. Do they know who they're dealing with? Miller is a hardcore turnaround pro. Chapter 11 probably doesn't phase him one bit--his comp is likely tied to the post-bankruptcy value of the company. It's gonna be an interest couple of weeks.

Very well written, Hogan. A family member is part of the Wall Street rat race. A client runs an extremely prominent hedge fund respected for its analytical ability. The founder recently met with GM's brass, and is now telling everyone that a Chapter 11 filing is inevitable. Not likely, INEVITABLE. These things usually involve some sort of tipping point. DPH might be it, but I'll vote for a loss of confidence in the bond markets. GM's proven adept at repeatedly being able to raise capital on favorable terms; when this stops, the end is near. Scary.

No surprise. Isuzu is just slowly exiting the NA market in a manner which prevents their dealer body from exacting termination payments. A legal charade, nothing more.

You apparently didn't get the memo with the GM Internal Codes. Follow the bouncing ball. Karen Francis/Olds Cynthia Trudell/Annette Clayton/etc. Saturn Debra Kelly Ennis/Saab Lynn Meyers/Pontiac GMC At the point and time when a division OTHER THAN CHEVY desperately needs a car person, GM picks a woman to temporarily 'groom' for management. That new hire then proceeds to learn the ropes by making EVERY SINGLE MISTAKE ever made in the past, infuriating dealers, destroying internal morale and setting the division on a path to even larger problems. Just before the wheels fall off, GM rotates people and brings in someone with some actual experience to try and fix the damage. See Jim Bonnell, etc. Sadly, by then the damage has been done and help is years down the road. The point of this isn't to pick on any of these people--they were/are all very nice people. However, not one of them is what you'd call a real 'car person.' Some of them had absolutely no business running a division. GM has this weird history of using their weaker divisions as training grounds for questionable management candidates, often with disasterous results. You'd think that the losses caused by the problems at Olds, Saturn, Saab, etc would put an end to this. I'm not so sure. Hopefully, Buick's fate will be better.

Excellent point. I keep waiting for GM to acknowledge that they learned SOMETHING from the demise of Olds. However, all I can see is a repeat: fewer models that will inevitably result in fewer sales, leading to an inevitable conclusion that the brand "isn't viable." So sad to see GM throw wave after wave of (excellent) new product at Chevy and Saturn, and basically abandon the BPG channel. It's almost like GM's resigned itself to having to cull the entire trio of brands. The Lucerne, in the metal, is a pretty decent piece. However, the Aurora was comparatively far more distinctive (original version), and even that wasn't enough to turn the fortunes of Olds around. Sad.