DETROIT – The American auto industry was rocked to its foundation Saturday as Delphi Corp., the world’s second-largest parts manufacturer, filed for bankruptcy and laid plans to dramatically downsize its U.S. operations.
It was the seismic event that Detroit’s Big Three automakers and their workers, suppliers and investors had anticipated for years, some with dread and others with hope.
At stake is the survival of Delphi, a global giant with 185,000 employees and annual sales of $28 billion, and the wages, benefits and jobs of its 33,000 unionized workers across the United States.
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