GM CEO Optimistic on Strikes/Delphi
"We've just got to get behind the doors and get these things resolved, which I'm sure we can do." So what is Rick Wagoner waiting for? God knows. But not Automotive News, which is happy to report (without further questioning) GM's Beancounter-in-Chief's belief that his back room boys can resolve the ongoing strike at American Axle, currently idling some 30 GM manufacturing facliities. And the United Auto Workers (UAW) strike over two-tier wages at GM's Delta Township factory. And, while they're at it, the possibility of a UAW strike at Fairfax, Kansas; the plant that makes the Chevrolet Malibu. And, at the same time, figure-out the mess at bankrupt parts supplier (and former GM division) Delphi. "Wagoner also said the work on Delphi's restructuring since it entered bankruptcy in 2005 provided 'a good base' for a revised exit financing plan. 'I hope it doesn't take an extended period of time,"'he said. 'The fact that they were able to arrange the debt side of the financing would suggest that the restructuring can be done.'" So much for a sense of urgency.
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Don't for get the looming CAW negotiations.
May 1, 2008 for the GM quarterly earnings (losses).
50merc- Love the prophecy gag. Thanks. Bunter
My favorite touch is in the photo. Is the sign in the background a thought bubble confirming the Rickster's and GM's failed/inbred business philosophy? A tip for would be investors? Or maybe it's just confirmation that the walrus is Lutz.