As we have said in the past, we do not view bankruptcy as a winning strategy. We are focused on turning around our North American business and implementing the actions that we've announced to date. That's where our energy is. |
GM is firmly committed to improving its performance in North America, |
GM would continue to be constructive and cooperate with the courts and with Delphi and the unions to reach a consensual agreement. |
I think the story is speculation, and typically we do not comment on speculative stories. |
If there are people still in the JOBS Bank after we run the program, we'll consider what to do about that. |
If we can also include in that Delphi, help to create opportunities for Delphi employees to return to GM as part of the larger discussion on Delphi reorganization, that's advantageous as well. |
It's not surprising the creditors committee would seek to nullify some of the claims GM has, given the potential size of our claims. |
It's really not helpful to have that up-10, down-10 |
Other people can make certain assumptions that could change that (funding) number. A minor change to one assumption can have a change in the funding status. It doesn't mean their number is any more or less correct. We believe our number is appropriate. |
Our discussions are ongoing with both the UAW and Delphi about trying to reach a mutually satisfactory agreement that will allow Delphi to emerge as a viable supplier to General Motors and make sense for GM and its shareholders. |
Our focus continues to be on continuing our North American automotive operations and restoring them to profitability as quickly as possible. |
Our goal remains to pursue outcomes that are in the best interest of GM and our stockholders and that enable Delphi to continue to be an important supplier to GM. |
The best way to protect a pension plan is make sure the companies have the financial wherewithal to continue to operate. |
There is no reason to expect that G.M.'s pension plans will be terminated, and to assume otherwise is to unnecessarily alarm the many thousands of people who rely upon those plans for their retirement. |
They're ongoing investigations, and there's nothing more we can say except that we're cooperating. |