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Delphi Restructuring A Key To The Industry?

470 messages, Last post on Jan 10, 2008 at 3:43 AM
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Replying to: rockylee (Jan 19, 2007 12:37 pm) I'm the same way with the stocks, but have been looking at Ford. They've been low for a while, but don't watch the market enough. Plus I'm not sure if they're going to come up for a long, long, long time. So would definitely have to play the stock for the long haul.
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Replying to: jae5 (Jan 23, 2007 10:34 am) Rocky |
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http://www.freep.com/apps/pbcs.dll/article?AID=/20070125/BUSINESS01/701250304/10- - 14 The Bush Healthcare proposal will solve no problems for poor and middle class folks without. It's like pulling out a 10 foot pole and have the pole tied to the rabbits head and at the other end there is a fresh watery carrot. That's about how much sense any of this makes. Rocky |
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Bankrupt supplier, GM and unions likely to reach concession agreement in late Feb., well past deadline. http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070130/AUTO01/701300343 Once UAW deal is settled then GM, can rest. They will get 7 million shares of stock which could really help GM, out in the future. Rocky |
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http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070129/UPDATE/701290403/- - 1148/AUTO01 Rocky P.S. Talked to dad today and he said Delphi Coopersville Fuel Inection plant is finally closed. |
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http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070201/UPDATE/702010468 jae, this doesn't look good.....Have you heard anything else to this story ???? Rocky
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Associated Press DETROIT -- Industry veteran Frank Macher has resigned as president and chief executive of Collins & Aikman Corp., as the auto supplier's Chapter 11 plan has shifted toward selling its assets. Macher, a former Ford Motor Co. and Federal-Mogul Corp. executive, took the top job at plastics and fabrics supplier Collins & Aikman in July 2005, two months after it hastily filed for Chapter 11 with no plan and barely enough money to operate. Macher arranged for customers to prop the company up with loans and price increases. In a statement Wednesday, the company said Macher "concluded that a new structure for the leadership of the company would be appropriate as it executes the balance of its ongoing sale process." http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070201/AUTO01/702010330/- 1148 Rocky |
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It gets more time for 'out-of-court' talks with unions http://www.detnews.com/apps/pbcs.dll/article?AID=/20070201/AUTO01/702010350/1148- /rss25 Rocky |
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Replying to: rockylee (Feb 01, 2007 4:30 pm) Sorry for the delay, just now just catching up to everything. I see the one GM board is finally done - thank goodness. I just stopped posting cause it was getting to be reall romper-roomy in there, very childish. Anyway, it seems the "gang" tried to pull a fast one on the UAW with the non-inclusion of them in the deal. It's kind of crazy but I wonder who's idea it was to try to slip this past them without them scrutinizing the fine print. Lately it's been pretty quiet - the calm b4 the storm? It's bad that the ChrysCo plant (Durango/Aspen) out east is going to take that hit. Man, that's tough.
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Rock, Seems that Delphi is shopping its interior components to potentials. I believe they have found a potential buyer, or at least this group is doing preliminary case study. Does the sell-off begin? |
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