Funky Cars > Delphi Wins Extension on G.M. Talks - DealBook Blog - NYTimes.com

[DealBook] We believe that continuity of supply to GM will be best assured by resolving the issues that will allow Delphi to emerge successfully from Chapter 11. Each of the parties have provided proposals for a potential solution that each believed would allow for the successful and rapid resolution of Delphi’s Chapter 11 cases.

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[Tribune Chronicle | TribToday.com] Delphi gets more time to draft plan - TribToday.com - News, Sports ...: Detroit-based GM has committed to supplying Delphi with hundreds of millions of dollars in funding since the supplier filed for Chapter 11 bankruptcy protection in 2005, in order to ensure a steady supply of the parts GM needs to .

[Budget Yourself - Finance, Budgeting, Business, Marketing] Budget Yourself - Finance, Budgeting, Business, Marketing » Blog ...: GM slashes summer production, cites Delphi risk. April 23, 2009 - 11:47 pm DETROIT (Reuters) - General Motors Corp said on Thursday it would slash production over the next three months to cut its inventory of cars and trucks and avoid .

[Steve Shickles] Steve Shickles » Blog Archive » GM slashes summer production ...: Reuters - General Motors Corp on Thursday said it would slash production over the next three months to cut its inventory of cars and trucks and avoid the risk of an “uncontrolled shutdown” from the financial crisis at bankrupt supplier Delphi Corp.

[The Truth About Cars] GM: “Delphi could force GM into an uncontrolled shutdown” | The ...: GM is also seeking court approval to buy Delphi’s steering business, a transaction opposed by various parties and also blocked by the U.S. Treasury. The court will hold hearings on the matter next month.

[Automotive News - Automaker News Feeds] Delphi bankruptcy could threaten GM production - Automotive News: "Without the successful resolution of this dispute, it is General Motors' view that Delphi or its lenders could force GM into an uncontrolled shutdown, with severe negative consequences for the U.S. automotive industry," the statement .

[Kokomo Tribune; Kokomo, Indiana--Police Reports] Kokomo Tribune; Kokomo, Indiana - Local suppliers concerned over ...: “More recently, in light of the adverse developments in the industry, at GM and at Delphi, GM has been in negotiations with Delphi and its lenders to arrive at solutions that would ensure GM’s source of supply under fair and reasonable terms,” the GM statement read.

[Epoch Times | All headlines] Epoch Times - Chrysler Aims for Fiat but Readies Bankruptcy Plan: GM and Chrysler have both been hit by unplanned production shutdowns in the past several years due to problems at suppliers. GM said it wanted to avoid something similar if its negotiations with Delphi's lenders failed to produce a deal for its former subsidiary to emerge from bankruptcy.

[DealBook] Delphi Faces a Deadline on G.M. Aid - DealBook Blog - NYTimes.com: would be able to re-source to other companies in a timely fashion,” Jim Gillette, an analyst with CSM Worldwide, an auto research firm, told The Times.

[NewsDaily: Business Headlines] NewsDaily: GM slashes summer production, cites Delphi risk: General Motors Corp said on Thursday it would slash production over the next three months to cut its inventory of cars and trucks and avoid the risk of an "uncontrolled shutdown" from the financial crisis at bankrupt supplier Delphi Corp .

[Australian Car Advice | News Blog] GM will idle 13 plants for up to 9 weeks » Australian Car Advice ...: GM also said the cuts could help prevent a GM shutdown in case Delphi, GM's troubled former parts unit, could not deliver parts because of its own financial problems. “We're taking aggressive steps to accelerate our inventory .

[DealBook] G.M. Likely to Skip $1 Billion Debt Payment - DealBook Blog ...: “We look forward to continuing to work with the president and his administration, as well as our Republican colleagues from Michigan and concerned members of Congress from all across the country, to bring about an out-of-court resolution for Chrysler and G.M. that preserves the most number of jobs for our future.”

[Blog about Virtual Assistant, Outsourcing, KPO, BPO and China] BeijingWest will be in charge of Delphi's key units | Blog about ...: Chinese auto analysts express that it’s a wise idea for Chinese investors to acquire international automobile parts assets and brands instead of vehicle producers for the former is of low risk.

[The Truth About Cars » News Blog] Delphi Helps Crash GM | The Truth About Cars: Has GM put any numbers on the table showing what it’s going to take in terms of $ to either keep the parts coming from Delphi or from alternate sources? Presumably, that would have been part of the viability plan that Wagoner’s buch was supposed to provide but didn’t.

[Lawinfo Weblog] Delphi gets more time to submit plan | Lawinfo Weblog: NEW YORK (AP) ”” Delphi now has more time to come up with a plan to restructure itself without its lenders taking actions that could force the struggling auto supplier into liquidation.

[Auto Observer] GM Names 13 Plants Set For Extended Shutdowns; Cuts 190000 ...: In its statement, the automaker said: "More recently, in light of adverse developments in the industry, at GM and at Delphi, GM has been in negotiations with Delphi and its lenders to arrive at solutions that would ensure GM's source of .

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