If it\’s got an engine. . .

Dorri probably likes it

Delphi Bankrupt. Is GM next?

Posted by ifitsgotanengine on October 10, 2005


We all knew it was coming.

According to the Detroit News, GM could be responsible for as much as $11 Billion (with a B, not M) for employee pension and benefit costs.

GM is responsible due to a clause in the contract from 1999 when GM spun Delphi off to fend for themself.

Apparently, after 2007 that clause becomes null and void.

GM gampled that Delphi would make it that long, and they both lost.

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