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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: jae5 (Sep 25, 2007 10:01 am) Yep, it's hard to accept a contract when you and your brothers and sisters are the only ones feeling the swords edge cutting into your standard of living.  -Rocky |
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Looks like they're going to get the bonuses to retain the executive braintrust. More like brain-f  rt to me
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Replying to: jae5 (Oct 01, 2007 9:32 am) -rockylee |
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Subprime home loan industry problems work to slow the parts maker's bankruptcy emergence. http://www.detnews.com/apps/pbcs.dll/article?AID=/20071009/AUTO01/710090374/1148- /rss25 jae5, what do you think about all of this pal ?  -Rocky
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Replying to: rockylee (Oct 09, 2007 12:35 am) Well surprise, surprise!! Just as you need good credit, steady background and the ability to jump through hoops to get a mortgage loan, you need to do the same to get emergence from bankruptcy. You can't rob Peter to pay Paul then go back and ask for more. What's that, is that Nelson saying "Ha-ha"?!?! 
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Replying to: jae5 (Oct 15, 2007 9:51 am) Well Steve Miller, sure is going to try his best. -Rocky
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Replying to: rockylee (Oct 15, 2007 10:21 pm) What do you think about GM and their supposed windfall in 2011 when they'll have a large number of eligible retirees? Talk is they're going to have another buyout then. With the current saving from the past buyout / retiring veterans they seem to be sitting ok; and with the future one in 2010 ~ 2011 they seem to be banking on being in good shape then. I don't know.
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Replying to: jae5 (Oct 16, 2007 9:55 am) -Rocky |
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NEW YORK -- Delphi Corp. said Monday it has asked a bankruptcy court to postpone a scheduled Nov. 8 hearing to consider amendments to its reorganization plan so the auto-parts maker can have more time to negotiate with creditors. The Troy, Mich.-based company said it needs more time to hold talks with creditor committees, which on Friday filed objections to Delphi's disclosure statement and investment agreement amendment. Other stake holders also filed objections. Delphi said it's unlikely all the conditions to the investment agreement will be met before the Nov. 8 hearing, and has asked the U.S. Bankruptcy Court in Manhattan to reschedule the hearing for later this month. The court will consider the request on Thursday. Delphi, which filed for bankruptcy two years ago, had planned to emerge from Chapter 11 by the end of the year but revised its timetable after changing the terms of its reorganization plan last week. The company was forced to make the changes after it hit trouble trying to obtain bankruptcy-exit financing in a tight credit market. Delphi now expects emerge from Chapter 11 during the first quarter of 2008. http://www.detnews.com/apps/pbcs.dll/article?AID=/20071105/UPDATE/711050435/1148- /rss25 -Rocky |
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Supplier works with extra lenders to finance bankruptcy exit; initial investors still in place. http://www.detnews.com/apps/pbcs.dll/article?AID=/20071110/AUTO01/711100356/1148- /rss25 -Rocky |
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