Delphi Swings to Loss, Mulls Bankrupcy

[Rob27]

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.