Talks are constructive, and progress is being made.
At this point, we expect Delphi to file the motions Friday morning.
All I would say is the talks are constructive and progress has been made. But I'm not going to speculate on how close an agreement is. In my experience in talks like these, close and near are awfully subjective terms.
(Shoemaker) said that if they did file those motions, it would be an impediment to future progress. He also said that we would continue discussions with GM and Delphi and if Delphi filed these motions, then we'd have to determine how to go forward from here.
The offer would be devastating to Delphi workers, their families and their communities.
It assures the retirees will be fully notified and have a right to participate in the process.
And there'll likely be a four- to six-week interval between the initial filing and an actual hearing. Then the judge has a 30-day window to render a decision. It could be well into the spring.
Clearly gas prices can impact car buyers' product decisions.
I can't tell you today what those packages will be. That's going to be subject to discussion.
The talks are constructive; progress is being made. But a lot of significant issues have yet to be resolved.
