Monday, March 2, 2009

Delphi's survival tied to GM



Copy and pasted by Po-cheng Huang


Hot foreign competition.
Deep production cutbacks by its main customer.
Investors hesitant to sink billions into a listing ship.
As if that weren’t enough to challenge Delphi Corp., the Buffalo region’s largest manufacturer, along comes a global credit crisis in 2008 followed by the worst recession in 70 years.


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