Funky Cars > The Dis-Ease!

[Mover Mike -] by movermike From the London Irvine Report, it's going to be tough to be an American worker as this is a sign of things to come: The world's largest automaker (GM) disclosed in an SEC filing that it had received subpoenas from the agency related to a variety of topics, including concerns over pension and retiree health care costs, transactions between GM and its former parts unit, Delphi, which filed for bankruptcy court protections earlier this month, the automaker's recovery of recall costs from suppliers and supplier price reductions or credits. Delphi Corp., the largest U.S. auto parts supplier, wants to cut workers' wages by as much two-thirds and eliminate health care for retirees as part of a plan to exit bankruptcy.

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http://ophirgold.blogspot.com [Church and State 101] SEC Slaps GM With Subpoenas: ) said Wednesday it has been subpoenaed by the U.S. Securities and Exchange Commission as part of a probe into accounting practices and other matters, dealing the latest blow to the automaker. GM said the subpoenas relate to its financial reporting for pension and other post-employment benefits, and transactions between the company and auto parts supplier Delphi Corp.

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Mlive.com[Mlive.com] Auto News Weblog: The automaker, 12 percent owned by General Motors Corp., sells only four .Here's Ward's Automotive editor Dave Zoia's take on GM's upcoming new products.

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