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Automotive News & Views Delphi Restructuring A Key To The Industry?
470 messages, Last post on Jan 10, 2008 at 3:43 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: lemko (Feb 26, 2007 8:07 am) Well that would mean company's such as Delphi, would have to re open it's U.S. operations or go out of business. Fine with me !!!! Your proposal is exactly what's needed IMHO. Delphi, has plants in China, and has been trying for years to build all the fuel injector systems for Delphi in China. They also tried to build Valve Lifters but even the Germans and Japanese failed at their attempts and is why still to this day Toyota, still buys their Valve Lifters from Delphi. They just got a new contract about 2-3 months ago at my Step-dads and Aunts plant in Wyoming, Michigan. (Suburban of Grand Rapids) Lemko, that same plant built rifles in WWII. It has huge furnaces for heat treatment.  Rocky |
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Rochester Div. in Rochester NY is hiring !!!!!!!!!!! Mostly engineers and other white collar folks.......... I am in Daytona right now waiting for bike week to start! Weather is great and have been touring around flogging moms Caddy !!!!!!!!!!!! Going out on the gambling boat Thurs. with my retired Delphi white collar boss uncle. Gonna have to ask him about how his severely cut pension and med. benefits are effecting him and/or if any are being restored....... Not to mention IF the reports of the supposed "white knight" is gonna come to the rescue and buy up Delphi and pump new life into it !!!!!!!!!! To do so would require some hard choices.......... I KNOW our Delphi stock is still in the dumper! 
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Replying to: geo9 (Feb 26, 2007 6:21 pm) Your Delphi stock investment is a long-term. Don't think your going to get rich over night. If I had $100,000 to invest right now it would be in Delphi, for the long-term. That parts company will succeed once again so stay confident. I predict their stock once they pull out of bankruptcy will climb once again. Delphi, was voted the most technological company in the world in 2005' and most of their products haven't been released pal. Once I get my other money which is quite a bit I'm going to drop a lot of it in Delphi Stock. 5-10 years from now that stock will be over $10-$40 a share. My long-term plan is to get rich off of Delphi. I know the company quite well as I still have a few family members working for them. Dad, says I'd be a fool to not invest $$$$ in Delphi, for the long-term. Yes it's a risk but they are diversifying their business outside of automobiles and are making parts for Cell Phones, and major medical equipment. They will be a major player someday. I'm confident. My wife wants us to put all our money into a new house but I told her we can live like average folks and have a mortgage, maybe drive some used cars and in 5-10 years cash some of it in and live like we always wanted to. Nor rich but well-off. I told her were would have enough money to pay for our kids college and build a McMansion. I told her we can take this risk or play it safe and have the nice house that is nearly or all paid for. This will be my biggest decision once the oppertunity presents its self hopefully soon. Rocky |
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Replying to: rockylee (Feb 23, 2007 3:00 pm)  , the next in the doldrums  .
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GENTEX GOT BOUGHT OUT NY mAGNA iNTL. last year if I recall correctly. Magna just took over 100% of New Process Gear from DCX as of 1/1/07. Now those folks are working as non union employees with 1/2 pay, few benefits and self funded retirement. I betcha a New Process transfer case COSTS the same at the parts counter tho. !
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Replying to: geo9 (Feb 27, 2007 4:59 pm) Agree also with the cost of that transfer case; may have even increased slightly. |
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Replying to: geo9 (Feb 27, 2007 4:59 pm) Maybe Magna bought out this company also named Gentex ? http://www.gentexcorp.com/ -My mother never made a reference to her company making military equipment so their has to be 2 different company's with like names. Rocky |
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Jae, it's been about 3 weeks since I've seen anything from Delphi. Have you heard anything lately ????? Rocky |
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http://delphi.com/news/pressReleases/pr_2007_04_01_001/ If you wanna see what a bankrupt company can still do check this out !!!!! Delphi, is a greedy corporation and yes miss managed by GM. It should of grown into the top 25 biggest corporations in the world. Delphi, was a winner of the 2005 most technologically advanced corporations and now like they did with XM radio, they will launch the first in car TV system. They invented the car radio, so it would be appropriate they do the same with television. I believe they can and still will be great. Rocky |
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As shares rise so does speculation that better offers than Icahn's bid for takeover could emerge. http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070426/AUTO01/704260344/- 1148 Rocky
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