Ladies and gentlemen, let's get ready to rumble! Seriously, we totally think that's how they should have started proceedings this morning — what with the ramifications the Delphi bankruptcy hearings will potentially have on the global automotive industry. I think we all know the narrative now — Delphi asks bankruptcy judge to cancel UAW contracts, UAW strikes, GM can't support itself without Delphi parts, GM production lines shut down and then, GM declares bankruptcy. So, the question is — do the dominos begin their final tumble today? Guess we'll all have to just watch and see what happens. And folks, just remember where you heard it first and second. And now, even mainstream media's on the Farago bandwagon.
Bankruptcy hearing could seal GM's fate [CNN/Money]
More on Delphi [internal]