The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario,
More Quotes from Mark Oline:
We remain comfortable that the company will show solid progress in the sale through the end of the first quarter. We expect that a final agreement will take some time, but we want to see continued solid progress.Mark Oline
The extent of the wage and benefit reductions Delphi is seeking would be difficult for any union to swallow easily.
Mark Oline
Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes,
Mark Oline
It also reinforces the fact that GM will have to make even more significant cuts in their own cost structure going forward.
Mark Oline
We have not yet seen any supply disruptions, but it remains a key risk, ... That risk will only increase as we get closer to a date where Delphi, if unable to achieve a contract with a UAW, needs to impose a contract.
Mark Oline
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