Oh, cool! They’re coming out of bankruptcy just in time to sit idle while all the automative manufacturers are in bankruptcy. Well, almost all of them.
Delphi Corp (DPHIQ.PK) said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.
When it comes time to buy my next car, it won’t be a GM made vehicle. If I could get something for it, I would trade in my GMC right now for a Ford.
GM could have filed bankruptcy, closed 12 plants, and laid off 20,000 people without any help from our government.
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