Who is Delphi?
Giant auto parts supplier Delphi today filed for Chapter 11 bankruptcy. "So what?", you may ask.
Delphi is the primary parts supplier for General Motors, both here and overseas. The company is not one that the general public knows well because their role is behind the scenes in the auto manufacturing world. However, the company is so large that the effects of a possible company failure would be devastating for GM, it's own thousands of smaller suppliers, and, indeed, the entire U.S. economy. It would affect the entire U.S. automobile manufacturing landscape.
Exactly what this bankruptcy filing means in the long term for automotive consumers remains to be seen. It deserves watching as the company struggles with reorganization, cost cutting, and their attempt to emerge healthy in 2007.
Delphi is the primary parts supplier for General Motors, both here and overseas. The company is not one that the general public knows well because their role is behind the scenes in the auto manufacturing world. However, the company is so large that the effects of a possible company failure would be devastating for GM, it's own thousands of smaller suppliers, and, indeed, the entire U.S. economy. It would affect the entire U.S. automobile manufacturing landscape.
Exactly what this bankruptcy filing means in the long term for automotive consumers remains to be seen. It deserves watching as the company struggles with reorganization, cost cutting, and their attempt to emerge healthy in 2007.
posted by Al Hearn at 6:31 PM
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