Media reports and industry contacts continue to signal that the Delphi situation is likely to be resolved peacefully, with GM footing the bill for early retirements and wage subsidies.
More Quotes from Rob Hinchliffe:
At this point, the excitement surrounding what now look to be relatively small health-care concessions is but a distant memory.Rob Hinchliffe
These things take time, and now that you're dealing with three-way talks ...
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The cash infusion stemming from a potential GMAC sale would give GM additional financial flexibility, though clearly at the expense of earnings power.
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The road ahead for GM does not look much better -- we expect continued market share declines in a modestly lower U. S. vehicle sales environment.
Rob Hinchliffe
The plan is essentially as expected, meaning not terribly aggressive.
Rob Hinchliffe
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