Tuesday, October 11, 2005
Details & Fallout from Delphi's Bankruptcy
Crain's Detroit Business has a detailed feature on the Chapter 11 bankruptcy filing on Saturday of Delphi Corp., the nation's largest auto supplier. The filing was precipitated by a failure to reach agreements with the United Auto Workers union and former parent General Motors Corp. on a relief package and triggered by October 17 bankruptcy law changes.
Meanwhile, Detroit Free Press business writer Tom Walsh writes that Delphi Corp.'s Chapter 11 bankruptcy is injecting a new sense of urgency into ongoing efforts by Michigan CEOs, state economic development leaders and think-tank researchers to transform Michigan's obsolete industrial culture into one driven by knowledge and innovation.
Details on filing at delphidocket.com
Read TOM WALSH: State needs to face its reality in the Freep
# posted by farlane @ 9:27 AM
LCI Web Development
© 2006 Leelanau Communications, Inc. All Rights Reserved.