Delphi's in bankruptcy court and simultaneously planning on dropping a few million on executive bonuses. The UAW's going to authorize a strike, like, yesterday. Negotiations between the two have basically stalled with the two acting like arguing sibling's — all the while GM's sitting over in the back seat — teetering between profitability and the deep, dark cavern of bankruptcy. So how odd was it to see Fritz Henderson, GM's Chief Teeterer...err...Chief Financial Officer, telling a group of auto analysts in New York last week he was "optimistic that Delphi would reach a negotiated settlement with its unions before the end of the summer?" Guess we're glad to see someone's feeling optimistic.
More on Delphi [internal]