Delphi Heads for Chapter 7 Meldown

Even before GM spun off parts maker Delphi in 1999, critics questioned the new company’s viability. Delphi depended on GM’s business for its survival. While bean counters talked-up diversification, new markets, etc., the 800-pound General in the room wasn’t going away– especially with all the GM-obligatory Delphi-related job, pension and wage benefits secured by the [...]

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http://www.thetruthaboutcars.com/delphi-heads-for-chapter-7-meldown/

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