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#1
02-10-2009, 02:38 AM
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GM Looking at Buying Back Delphi
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Chevelleless after 46 years......but we did find a low mileage, six speed, silver 2005 Corvette. It will just have to do for now. 
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#2
02-10-2009, 05:51 PM
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Re: GM Looking at Buying Back Delphi
With what money?
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It is impossible to certify a COPO or Z/28 as authentic without verifying that it is not a rebody...
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#3
02-10-2009, 06:05 PM
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Re: GM Looking at Buying Back Delphi
[ QUOTE ]
With what money? [/ QUOTE ] with profits from the Camaro.......oh wait....it hasnt been released yet !!!!!  then i guess this is where the money will come from..... The company last week asked a bankruptcy judge to allow it to cancel health care and life insurance benefits for 15,000 current and future salaried retirees, citing the steep downturn in the overall auto industry in recent months............. makes sense doesnt it......lets screw the employees that made you billions over their careers......... 
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#4
02-10-2009, 06:27 PM
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Re: GM Looking at Buying Back Delphi
If they do that, the union will start to weigh it's options about petitioning GM into Ch.11. It stands to be the largest creditor if it goes under.
The govt. is considering pushing them into Ch.11 anyways so that they can get in front of the line of creditors. As it stands now, they are behind some of the very banks the govt. has recently bailed out. Crazy......
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It is impossible to certify a COPO or Z/28 as authentic without verifying that it is not a rebody...
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#5
02-11-2009, 05:49 AM
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Re: GM Looking at Buying Back Delphi
The only people who got rich off the spinning off of supporting assets from many of the vertically integrated industries were the investment bankers and underwriters... well shareholders as well... but the problem is that these large industries are now dependent on suppliers over which they exert no fiscal control, if they (industry) are going to have to prop them up or buy them back... other than the fleecing of the average guy... what was purpose?
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~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos
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#6
02-11-2009, 11:02 PM
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Re: GM Looking at Buying Back Delphi
[ QUOTE ]
The only people who got rich off the spinning off of supporting assets from many of the vertically integrated industries were the investment bankers and underwriters... well shareholders as well... but the problem is that these large industries are now dependent on suppliers over which they exert no fiscal control, if they (industry) are going to have to prop them up or buy them back... other than the fleecing of the average guy... what was purpose? [/ QUOTE ] I'll agree with that...but evidently GM is missing the big picture, as my latest Diesel Power says they're looking to unload ACDelco...! 
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