(Shoemaker) said that if they did file those motions, it would be an impediment to future progress. He also said that we would continue discussions with GM and Delphi and if Delphi filed these motions, then we'd have to determine how to go forward from here. |
All I would say is the talks are constructive and progress has been made. But I'm not going to speculate on how close an agreement is. In my experience in talks like these, close and near are awfully subjective terms. |
And there'll likely be a four- to six-week interval between the initial filing and an actual hearing. Then the judge has a 30-day window to render a decision. It could be well into the spring. |
At this point, we expect Delphi to file the motions Friday morning. |
Clearly gas prices can impact car buyers' product decisions. |
I can't tell you today what those packages will be. That's going to be subject to discussion. |
I'm not going to get into dissecting election results or predicting the future. |
It assures the retirees will be fully notified and have a right to participate in the process. |
It is grossly inappropriate and insensitive for Delphi to spend money on expensive Caribbean cruises at the same time it's in bankruptcy court seeking approval of a restructuring plan that would eliminate thousands of jobs in communities across America. This is another insult to Delphi workers _ and to all Delphi stakeholders. |
Steve Miller has been very vocal, very blunt in saying he believes the days when industrial workers in America can have a middle-class standard of living are over. We think that's a very arrogant and wrongheaded notion and also a very dangerous view of America's future. |
Talks are constructive, and progress is being made. |
The offer would be devastating to Delphi workers, their families and their communities. |
The suggestion that we have an outline of an agreement to review with you is unfortunately, just not true. |
The talks are constructive; progress is being made. But a lot of significant issues have yet to be resolved. |
We're not going to be tied to an arbitrary date on the calendar. We haven't scheduled it yet. If it's needed we want to make sure it has maximum impact. |