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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.

Read Delphi files Chapter 11 for U.S. operations; expects to emerge from bankruptcy in 2007; plans to pay wages and benefits without interruption from Crain's Detroit Business
Details on filing at delphidocket.com
Read TOM WALSH: State needs to face its reality in the Freep

Posted/updated Oct 11, 2005
by Andrew McFarlane (Absolute Michigan)