OCCRA
Go to Post UFH has substance. It puts the I in FIRST. - Andy Baker [more]
Home
Go Back   Chief Delphi > Other > FIRST In the News...
CD-Events   CD-Media   CD-Spy   FRC-Spy  
portal register members calendar search Today's Posts Mark Forums Read FAQ rules

 
Reply
Thread Tools Rate Thread Display Modes
  #1   Spotlight this post!  
Unread 08-08-2005, 12:18 PM
sure_smile's Avatar
sure_smile sure_smile is offline
'tis just a flesh wound!
AKA: Anjali M
FRC #1510
 
Join Date: Apr 2005
Rookie Year: 2005
Location: Portland, OR
Posts: 55
sure_smile will become famous soon enough
Delphi Swings to Loss, Mulls Bankrupcy

I was reading the news and http://news.yahoo.com/s/ap/20050808/ap_on_bi_ge/earns_delphi;_ylt=AnSBl.QPA_Rl5_x.fPyfuwCs0NUE;_yl u=X3oDMTA3bGI2aDNqBHNlYwM3NDk- popped up at me....

I was wondering, how badly is that going to affect FIRST teams that are Delphi-sponsored, if it affects them at all? Sorry, I know this isn't exactly 'FIRST in the news' but since a lot of teams are sponsored by them I figured it's a relevant issue and I wasn't sure where to start the thread otherwise
Reply With Quote
  #2   Spotlight this post!  
Unread 08-08-2005, 01:46 PM
Kyle Love's Avatar
Kyle Love Kyle Love is offline
Support STEM Education
FRC #3301 (Jay County Robotics)
Team Role: Teacher
 
Join Date: Apr 2004
Rookie Year: 2004
Location: Portland, IN
Posts: 3,072
Kyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond reputeKyle Love has a reputation beyond repute
Re: Delphi Swings to Loss, Mulls Bankrupcy

I do not for-see this dramatically effecting us. But who knows? I think Delphi is really committed to the future of engineering and would not cut the entire FIRST program. One great sponsor if you ask me.
__________________

Kyle Love
Teams I've been on:
Team 45 - The TechnoKats - Student/Leader/Driver 2004-2007
Team 1646 - Boiler Precision Guessworks - Mentor 2007-2011
Team 3301 - Jay County Robotics - Teacher 2011-Present

Reply With Quote
  #3   Spotlight this post!  
Unread 08-08-2005, 05:42 PM
bigqueue bigqueue is offline
Registered User
#0811 (A.R.C.)
 
Join Date: Dec 2001
Location: Nashua, NH
Posts: 231
bigqueue will become famous soon enough
Send a message via AIM to bigqueue Send a message via Yahoo to bigqueue
Re: Delphi Swings to Loss, Mulls Bankrupcy

Quote:
Originally Posted by Kyle45
I do not for-see this dramatically effecting us. But who knows? I think Delphi is really committed to the future of engineering and would not cut the entire FIRST program. One great sponsor if you ask me.

I'm sure they care a lot about FIRST and their teams, but going bankrupt might make that support out of their control.

I believe that at that point they would be required to meet some legal requirements regarding their cash-flow, and I'm not sure where FIRST sponsorship falls as far as a court goes....that is against any obligations they might have to employee salaries, benefits, outstanding vendors obligations and/or bond holders.

Now having brought up that, I also think that courts try NOT be be destructive in their restructuring....but like I said, I'm not sure that FIRST would come before the above stuff. (but then perhaps the FIRST stuff is funded through some sort of separate corporation or foundation that have set-up....don't know)
__________________
Live free or die....
Reply With Quote
  #4   Spotlight this post!  
Unread 08-09-2005, 06:21 AM
GeorgeTheEng's Avatar
GeorgeTheEng GeorgeTheEng is offline
Former Lord of the Vex
AKA: George Marchant
FRC #0087 (Red Devils)
Team Role: Mentor
 
Join Date: Mar 2004
Rookie Year: 2000
Location: Mount Laurel, NJ
Posts: 166
GeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud ofGeorgeTheEng has much to be proud of
Send a message via AIM to GeorgeTheEng
Re: Delphi Swings to Loss, Mulls Bankrupcy

Bankruptcy does make it hard to continue a program like this, but bankruptcy is also something that often very negatively effects piblic image of the company. My expectation would be that who ever ended taking them over would not stop funding FIRST because by stopping it they would be adding more negatively to thier public image. Besides, in that industry, who might be large enough to take them over that doesn't know FIRST, and support it in some way?

But if nothing else, I hope they do not reduce thier support. As far back as I can remember, Delphi has been a big supporter of FIRST.
__________________
George Marchant - Lockheed Martin Engineer & General Nut Case
FIRST Credentials: Team 87 Mentor | Former Director FIRST Vex Challenge
NJ FIRST Planning Committee Member & NJ FVC Committee Member
Philadelphia Alliance Regional Corporate Advisory Board Member |
FRC and FTC volunteer at too many places to list (NJ, VA, DE, PA, NY, Championship)|


"Hi my name is George and I'm a FIRST-aholic. I've been a FIRST-aholic since 2000..."
Reply With Quote
  #5   Spotlight this post!  
Unread 08-09-2005, 07:11 AM
Joe Johnson's Avatar Unsung FIRST Hero
Joe Johnson Joe Johnson is offline
Engineer at iRobot
AKA: Dr. Joe
FRC #3958 (FRC Teams Need Names?)
Team Role: Engineer
 
Join Date: May 2001
Rookie Year: 1996
Location: Boston, MA
Posts: 2,273
Joe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond reputeJoe Johnson has a reputation beyond repute
Re: Delphi Swings to Loss, Mulls Bankrupcy

I can't speak to all the Delphi teams, but as to ChiefDelphi, Delphi has been cutting back on the support given for a number of years.

It is only by the team leaders of ChiefDelphi sheparding resources and continuous pursuit of fund raising that ChiefDelphi has been able to stay afloat. I salute Mike Aubry and Mike Martus. As the funding has been reduced, they have been masters at doing more with less.

We'll see how this shakes out, but it can't be a good thing.

Joe J.
__________________
Joseph M. Johnson, Ph.D., P.E.
Founder
Bang Zoom
The best team you've never heard (yet)
Reply With Quote
  #6   Spotlight this post!  
Unread 08-09-2005, 09:07 AM
Andy Baker's Avatar Woodie Flowers Award
Andy Baker Andy Baker is offline
President, AndyMark, Inc.
FRC #3940 (CyberTooth)
Team Role: Engineer
 
Join Date: May 2001
Rookie Year: 1998
Location: Kokomo, Indiana
Posts: 3,364
Andy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond reputeAndy Baker has a reputation beyond repute
Send a message via AIM to Andy Baker
Re: Delphi Swings to Loss, Mulls Bankrupcy

Quote:
Originally Posted by Joe Johnson
I can't speak to all the Delphi teams, but as to ChiefDelphi, Delphi has been cutting back on the support given for a number of years.

Joe J.
The same is true with the TechnoKats. This coming year will be our 15th in FIRST, and our Delphi expenses will be the lowest ever. However, as Joe suggests above, this is nothing new. Each year, our budget is decreased and this year's planned decrease follows this trend. Our current budget is less than 1/4 the size of our original Delphi cost in '92. Three things have happened to significantly decrease our team costs since our first year:

1. We moved robot construction out of Delphi's UAW shop and into our "team shop". This started to happen in 1995 and was completed in 1999. Before then, many skilled tradesmen were working on the contruction of the robot, therefore charging their project time to the account set up for the team.

2. FIRST Championships moved from Walt Disney World. Our team saved $15k (per year) when FIRST moved the Championships from Epcot to Houston (and now Atlanta).

3. FIRST added a local regional (Boilermaker Regional), saving us $3k in hotel costs.

Andy B.
Reply With Quote
  #7   Spotlight this post!  
Unread 08-09-2005, 07:59 PM
Rob27's Avatar
Rob27 Rob27 is offline
Registered User
FRC #0027 (Team RUSH)
Team Role: Alumni
 
Join Date: Feb 2003
Rookie Year: 2002
Location: Clarkston, MI
Posts: 26
Rob27 will become famous soon enough
Send a message via AIM to Rob27
Re: Delphi Swings to Loss, Mulls Bankrupcy

I'm sure Delphi will stick true to their GM heritage and do as much for the community (including FIRST) as possible. But Delphi has to a business, too: Make money first, look good second. There may be hard times ahead for the Delphi teams, and if it comes down to choosing between jobs and FIRST, I'm sure there won't be any hard feelings from the teams. I know everyone on 27 understood when C&A (who filed for chapter 11 in May) backed out on sponsorship this year. I don't think it will ever come to this. GM will not and cannot let Delphi go under. If you read the article in the free press (www.freep.com) the whole bankruptcy idea seemed like a scare tactic for GM and the UAW anyway. If I were on a Delphi team, I wouldn't be too worried; looking for some extra help might not be a bad idea until Delphi starts to turn a profit, though.

Oh, and there's a way all of you can help! Next time you buy a car, do it at the GM dealer.
__________________
Captian - Team RUSH 27

2005:
Detroit: 9th Seed (Seed 6 Alliance Captian), Quarterfinalist(w/226+519), Motorola Quality Award
West MI: 2nd Seed, Finalist(w/33+245), Engineering Inspiration Award
Atlanta: 3rd Seed, Quarterfinalists (w/71+40)
"I can't do it" never accomplished anything; "I will try" has performed wonders. - George P. Burnham
Reply With Quote
  #8   Spotlight this post!  
Unread 08-09-2005, 09:56 PM
Clark Gilbert's Avatar
Clark Gilbert Clark Gilbert is offline
Registered User
no team
Team Role: Alumni
 
Join Date: May 2001
Rookie Year: 2000
Location: Columbus, IN
Posts: 1,946
Clark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond reputeClark Gilbert has a reputation beyond repute
Re: Delphi Swings to Loss, Mulls Bankrupcy

The financial troubles of the automotive industry seem to be quite popular on the internet nowadays, but Delphi's 2nd quarter loss of $338 million is mere pocket change compaired to the $1.2 billion 2nd quarter loss by Visteon. I've even read things hinting that a possible DaimlerChrysler split might be in the future, but I find that hard to believe.
__________________
Purdue Alumni
Cummins, Inc.
Reply With Quote
  #9   Spotlight this post!  
Unread 08-10-2005, 03:54 PM
nobrakes8 nobrakes8 is offline
Registered User
AKA: Kevin
FRC #4206 (RoboVikes)
Team Role: Engineer
 
Join Date: Jun 2004
Rookie Year: 2004
Location: Fort Worth, TX
Posts: 144
nobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud ofnobrakes8 has much to be proud of
Re: Delphi Swings to Loss, Mulls Bankrupcy

Hopefully Delphi could figure out something. I'm sure their FIRST exspenses are tax write-offs and since they'd be paying taxes anyway I'm sure they won't completely cut off sponsorship. If Delphi goes above and beyond than what they pay in taxes I'm sure there will be cut backs bigger than usual. My former team's biggest sponsor gave $5,000 dollars a year and cut back drasticly ever since, to this year during the build season our new biggest supporter gave $500 dollars. (eventually after nationals we did get $3,000 from our main sponsor but they werent listed since we thought they wouldn't come through). Even the teams already poor with little funding are being cut back as well.

The automotive business really isn't too hot. My dad was a manager at Siemens VDO for like 14 years and then they moved his plant to Mexico (then eventually China) and shut down the Connecticut plant since it was still profitible and they didn't want to sell it to a compeitior. Then a bunch of the Siemens VDO guys (includeing my dad, his boss, and plant manager) went to TI Automotive (may notice Team 228 lost them as sponsor this year) they shut down most operations in the state last year and then the one plant that was supposed to remain open is also being moved this year.

Last edited by nobrakes8 : 08-10-2005 at 03:57 PM.
Reply With Quote
Reply


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
If you come here asking for Delphi programming... Raven_Writer Programming 0 08-11-2004 04:03 PM
Thank you to Brandon and Chief Delphi Ken Leung Thanks and/or Congrats 19 12-15-2003 09:24 PM


All times are GMT -5. The time now is 05:26 PM.

The Chief Delphi Forums are sponsored by Innovation First International, Inc.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright © Chief Delphi