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Unread 10-08-2005, 16:54
nobrakes8 nobrakes8 is offline
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AKA: Kevin
FRC #4206 (RoboVikes)
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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 : 10-08-2005 at 16:57.
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