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From the AP, 3/23/07: Judge approves $37M bonus plan for Delphi execs By Vinnee Tong Associated Press Friday, March 23, 2007 NEW YORK — A federal bankruptcy judge approved Delphi's extension of a plan to pay as much as $37 million in bonuses to top executives. Delphi Corp. lawyer John W. Butler said that pay for managers of the auto parts maker is uncompetitively low and that the plan provides an integral part of total pay packages. Judge Robert Drain ruled that paying the bonuses was an exercise of sound business judgment, and that he saw them as necessary to the company's competitiveness. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/22/ddn032307delphi.html

From the 3/21/07 DDN: Delphi workers could be eligible for federal help Wednesday, March 21, 2007 Workers at the Delphi Moraine assembly plant who accepted buyouts are eligible for Federal Trade Adjustment Assistance benefits. According to the Department of Labor, all workers of Delphi Corp.'s Moraine plant at 3535 Kettering Blvd. — including on-site leased workers of Bartech, MSX Inc.. Production Design Services, and Troy Design at Delphi — who left their jobs on or after Feb. 26, 2006 are eligible to apply for adjustment assistance. The decision impacts more than 1,250 employees, according to U.S. Rep. Mike Turner, whose office made the announcement Wednesday. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/21/ddn032107buyoutweb.html

From the 3/20/07 DDN: Delphi work may move to Mexico Parts maker puts union on 150-day notice that production work at Forrer Boulevard plant could be outsourced. By Thomas Gnau Staff Writer Tuesday, March 20, 2007 KETTERING — Delphi Corp., is considering shifting work from its Forrer Boulevard plant to Chihuahua, Mexico, company and union officials said. The union at the plant has received a 150-day notice from the company. Willie Thorpe, automotive conference board chairman of the International Union of Electronic Workers-Communication Workers of America, said he doesn't think the union can keep the production work. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/20/ddn032007delphi.html

From the 3/16/07 DDN: Investors continuing talks with Delphi, GM, unions By Thomas Gnau Staff Writer Friday, March 16, 2007 Although Thursday was the first day investors could have walked away from a deal with bankrupt Delphi Corp., they did not, a Delphi spokesman said. Talks with investors, General Motors Corp., Delphi and its unions are not expected to cease anytime soon, said Lindsey Williams. "I would anticipate that talks would continue," Williams said. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/16/ddn031607delphi.html

From the AP, 3/14/07: GM posts 1st quarterly profit in 2 years Associated Press Wednesday, March 14, 2007 DETROIT (AP) -- General Motors Corp. reported today it earned $950 million for the last three months of 2006, its first quarterly profit in two years. The world's biggest automaker, which is the midst of a massive overhaul that includes shedding thousands of jobs and closing plants to become more competitive with Asian automakers, wound up with a loss of $2 billion for all of 2006 compared with a restated loss of $10.4 billion in 2005. Chief Financial Officer Fritz Henderson said despite the fourth-quarter profit, no one at GM is declaring victory over the company's financial woes. ... http://www.dispatch.com/dispatch/contentbe/EPIC_shim.php?story=253059

From the 3/11/07 DDN: Moraine Assembly Plant very familiar with GM's efficiency, productivity standards The automaker's 'True North' policy was part of the contract talks when the local union inked a deal in 2003. By Thomas Gnau Staff Writer Sunday, March 11, 2007 MORAINE — While General Motors Corp. pushes unions to achieve new efficiencies across the company, the union at its Moraine Assembly plant traveled that road long ago. Mike Hall, shop chairman of IUE-CWA Local 798, which represents 2,600 workers at GM's Moraine plant, said that his plant went through the rigors of what some GM executives call "True North" standards years ago. Hall said his local union agreed to what he called one of the most competitive agreements GM has. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/10/ddn031107truenorth.html

From the 3/8/07 DDN: Delphi to offer purchase rights to stockholders Staff report Thursday, March 08, 2007 Bankrupt auto parts producer Delphi is preparing to offer current stockholders the right to buy 56.7 million shares at $35 each, the company said in a filing with the Securities and Exchange Commission Wednesday. The filing did not say when the offer would be extended. The offering to stockholders is part of an agreement Delphi made with companies that wish to invest in a restructured Delphi. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/08/ddn030807delphi.html

From the 3/6/07 Sandusky Register: Delphi lays off temps, regular employees By MOLLY LINN | Tuesday March 06 2007, 7:39am PERKINS TWP. Delphi has permanently laid off about 17 temporary employees and temporarily laid off an additional 20 workers on a week-to-week basis, said spokesman Lindsey Williams. The bearings plant had a major shift in working population last December when the last of a wave of senior employees who took early-retirement and buyout packages offered by the plant left. The plant has more than 675 new employees working production at the plant for about $14 an hour and a lesser benefit package than their predecessors. Less than 200 previous employees remain at the plant, according to union members’ accounts. ... http://www.sanduskyregister.com/articles/2007/03/06/local_news/doc45ed57c1d3f41715679194.txt

From the 3/1/07 DDN: Investors, Delphi are still making plans for the future As a pivotal deadline passes, there's hope the auto parts maker can escape its financial woes. By Thomas Gnau Staff Writer Thursday, March 01, 2007 Talks on bankrupt Delphi Corp.'s future will go on. Wednesday was the day investors could have backed away from a proposed cash infusion into Delphi, which has five plants in Montgomery County. But Delphi and its investors agreed not to step away from the plan before March 15. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/03/01/ddn030107deadline.html

Both from the 2/28/07 DDN: Delphi deadline looms, but talks could continue By Thomas Gnau Staff Writer Wednesday, February 28, 2007 Today is the day investors may back away from a proposed cash infusion into bankrupt Delphi Corp., which has five plants in Montgomery County. But one participant in crucial contract talks tied to that investment expects those talks to continue. "I don't see us as coming to any screeching halt or anything," said Willie Thorpe, the Moraine-based chairman of the International Union of Electronic Workers-Communication Workers of America Automotive Conference Board. Thorpe's union represents workers at two Dayton-area Delphi plants. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/02/28/ddn022807delphiweb.html Delphi attributes losses to attrition costs Parts supplier's losses likely to continue until bankruptcy 'transformation plan' is complete, CFO says. By Thomas Gnau Staff Writer Wednesday, February 28, 2007 Delphi Corp.'s fourth-quarter 2006 loss of $853 million surpassed the $828 million loss in the same quarter in 2005, Delphi reported Tuesday. Revenue hit $6.4 billion in the fourth quarter last year, down from $6.8 billion in the fourth quarter of 2005, Delphi said. Non-General Motors Corp. revenue for the fourth quarter last year was $3.7 billion, essentially flat compared to 2005. GM's business represented 57 percent of fourth-quarter revenues, Delphi said. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/02/28/ddn022807delphi.html

Both from the 2/27/07 Youngstown Vindicator: Delphi seeks deeper pay cuts The company said it can't win business by paying workers $16.50 an hour. By DON SHILLING VINDICATOR BUSINESS EDITOR Delphi Corp. has proposed an even bigger pay cut for its workers, a union official said. Delphi negotiators said the company can't win new business by paying production workers $16.50 an hour, as it proposed last March, said Mike O'Donnell, shop chairman for Local 717 of the International Union of Electrical Workers. "I would describe that as being extreme and unwarranted," O'Donnell said. ... [email protected] http://www.vindy.com/content/local_regional/309822046651238.php White-collar worker number to be reduced Salaried workers will receive the company's regular severance, not a buyout. By DON SHILLING VINDICATOR BUSINESS EDITOR Delphi Corp. is evaluating its number of salaried workers and expects reductions over the next several months. Rochelle Valdez, a company spokeswoman, said the white-collar workers who aren't needed will not receive buyout and early-retirement incentives as union workers did. Instead, they will receive the company's normal severance pay, which is based on years of service. Company executives are studying where to make cuts, and those actions will be taken in the coming months, Valdez said. ... http://www.vindy.com/content/local_regional/309826173239594.php

From the 2/25/07 Youngstown Vindicator: GM plans to sell 170 acres near Lordstown complex The automaker owns 500 acres at and near the Valley plant. LORDSTOWN — General Motors Corp. is attempting to sell about 170 acres near its Lordstown complex. Tom Mock, a plant spokesman, said the potential sale has no bearing on GM's commitment to the complex. "GM has never used the land and doesn't plan to use it. It's just a business decision," he said. ... http://www.vindy.com/content/local_regional/308890204975286.php

From the 2/21/07 Dispatch: New hope for local Delphi workers N.Y. company has eye on auto supplier Wednesday, February 21, 2007 Paul Wilson THE COLUMBUS DISPATCH Delphi Corp.?s Columbus plant could have a new owner in the coming months. Bankrupt Delphi said late yesterday that it has signed a nonbinding agreement with Renco Group for the sale of the company?s $1.3 billion automobile interiors and closures business, which includes Delphi?s Georgesville Road plant. Renco is a New York industrial-investment company controlled by billionaire Ira Rennert. It also owns militaryvehicle maker AM General. ... [email protected] http://www.dispatch.com/dispatch/contentbe/dispatch/2007/02/21/20070221-A1-02.html

From the 2/17/07 Youngstown Vindicator: Contract talks set to begin Jim Kaster, president of UAW Local 1714, is leaving for a job in Columbus. By DON SHILLING VINDICATOR BUSINESS EDITOR Contract talks begin Monday to try to save the Lordstown car plant — again. Union officials understand they are competing with other plants within General Motors Corp., said Jim Kaster, president of United Auto Workers Local 1714. "We know exactly what it takes to get a product. We did it before, and we'll do it again," said Kaster, who represents 1,100 workers at the fabricating plant. ... [email protected] http://www.vindy.com/content/local_regional/288223849484230.php

From the 2/14/07 Youngstown Vindicator: Union discussions delay contract talks The auto parts supplier lost $2 billion in the third quarter. STAFF/WIRE REPORTS DETROIT — The start of contract talks between Delphi Corp. and the union that represents its Mahoning Valley workers was delayed Tuesday. Union leaders held internal discussions instead of meeting with the company, said Mike O'Donnell, president of Warren-based Local 717 of the International Union of Electrical Workers. O'Donnell, who is on the IUE's national bargaining committee, said the committee is waiting to see if the United Auto Workers can reach a deal with Delphi. The UAW is Delphi's largest union and usually leads negotiations. ... http://www.vindy.com/content/local_regional/303755566431614.php

From the 2/13/07 Dayton Business Journal: Delphi posts $2B loss in 3Q Dayton Business Journal - February 13, 2007 Bankrupt auto parts maker Delphi Corp. said Tuesday it lost $2 billion in the third quarter on declining sales. The $2 billion, or $3.51 per share, loss was wider than the $788 million, or $1.40 per share, loss in the third quarter of 2005. The third quarter ended Sept. 30. The loss includes $1 billion related to Delphi's employee attrition program. ... E-mail [email protected]. Call 222-6900. http://www.bizjournals.com/dayton/stories/2007/02/12/daily9.html?from_rss=1

From the 2/10/07 DDN: Talks between union, Delphi due to start Tuesday in Detroit By Thomas Gnau Staff Writer Saturday, February 10, 2007 Crucial talks between Delphi and the International Union of Electronic Workers-Communication Workers of America are on track to start next week. The talks seek to protect a proposed $3.4 billion investment in a restructured Delphi. The Troy, Mich. auto parts maker is going through the Chapter 11 bankruptcy process. Of Delphi's five Dayton-area plants, four are slated for likely selling or closure. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/02/09/ddn021007union.html

From the 2/7/07 Youngstown Vindicator: Slow Cobalt sales put brakes on OT Lower sales are tied to the Cobalt's age, less marketing and fewer rental units. By DON SHILLING VINDICATOR BUSINESS EDITOR LORDSTOWN — Slow sales of the Chevrolet Cobalt have ended the regularly scheduled overtime at the Lordstown car plant, starting today, General Motors said. Workers at the GM plant will put in eight hours a day, instead of the nine-hour shifts they have been putting in since August. Also, extra shifts on Saturdays have been stopped. Production on two Saturdays a month had been scheduled recently. ... [email protected] http://www.vindy.com/content/local_regional/300488521119435.php

From the 2/6/07 DDN: General Motors to end production of Buick Rainier The midsize SUV is made only at the Stroop Road plant; company says move won't affect work force. By Thomas Gnau Staff Writer Tuesday, February 06, 2007 MORAINE — General Motors is ending production of the Buick Rainier, which is made only at GM's truck assembly plant on West Stroop Road. The change will not result in layoffs or otherwise impact the plant, Karen Johnson, a plant spokeswoman, said Monday. "The corporation still feels very positively about the work force here in Moraine," Johnson said. "This is strictly a marketing decision." ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/02/05/ddn020607rainier.html From the 2/6/07 Youngstown Vindicator: Is an Astra in Lordstown's future? The Valley's auto plant would need fewer workers if it builds only the Saturn Astra. By DON SHILLING VINDICATOR BUSINESS EDITOR The Lordstown car plant has a good chance of landing the Saturn Astra, analysts say. General Motors Corp. is calling the Astra a sporty performance car as it prepares to unveil it to the U.S. market at the Chicago Auto Show today. Analysts expect GM to move production from Belgium to North America because of high labor rates in Europe and shipping costs, but Brian Brockman, a Saturn spokesman, said no decision has been made. Sean McAlinden, vice president of research at the Center for Automotive Research in Ann Arbor, Mich., said Lordstown is likely to be awarded the Astra, but only if GM's board of directors decides to continue making small cars in the U.S. ... [email protected] http://www.vindy.com/content/local_regional/300020850316099.php

From the 2/5/07 DDN: Buyers kick tires of two Delphi plants Forrer Boulevard and Home Avenue plants have attracted interest, but a spokesman wouldn't give names. By Thomas Gnau Staff Writer Monday, February 05, 2007 KETTERING — Several of Delphi Corp.'s troubled operations have drawn the interest of possible new owners, the company said. That includes Delphi's Forrer Boulevard plant, which, with three other Dayton-area plants, is part of the company's Automotive Holding Group. "I can confirm that talks are under way," said Delphi spokesman Lindsey Williams. ... Contact this reporter at (937) 225-2390 or [email protected] http://www.daytondailynews.com/n/content/oh/story/news/local/2007/02/05/ddn020507laborfront.html

From the 1/31/07 DDN: Sources say Delphi, union talks will be extended By Thomas Gnau Staff Writer Wednesday, January 31, 2007 Talks between bankrupt Delphi Corp., its unions and former owner General Motors Corp. will likely go on through February, local sources said today. Today is the deadline potential investors in Delphi have set for the troubled auto parts producer to reach cost-cutting agreements with unions and GM, Delphi's largest customer. A group of investors has proposed putting up to $3.4 billion into a restructured Delphi. "I think they will all continue to talk until either the court or the corporation does something to violate the negotiated agreement," said Joe Buckley, president of United Auto Workers Local 696. Buckley's unit represents about 800 Delphi workers at the company's Needmore Road plant. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/01/31/ddn013107delphiweb.html

From the 1/30/07 DDN: Delphi to sell brake hose business for $9.8 million By Dayton Daily News Tuesday, January 30, 2007 Delphi Corp. said Monday it would sell its brake hose business to Harco Manufacturing Group, which includes an Englewood manufacturer, for $9.8 million. The deal includes machinery and equipment, intellectual property and links to certain customers, Delphi said. It does not include plants, real estate or the transfer of Delphi workers to Harco, it said. Delphi, which is in Chapter 11 bankruptcy reorganization, plans to leave some business lines and cut thousands of jobs. The company, with five Dayton-area plants, said the sale requires approval from the U.S. Bankruptcy Court and waiver of no-sale clauses by the United Steelworkers union. http://www.daytondailynews.com/n/content/oh/story/news/business/2007/01/30/ddn013007delphihose.html

From the 1/29/07 DDN: Bankrupt Delphi faces deadline with unions, GM By Thomas Gnau Staff Writer Monday, January 29, 2007 A Wednesday deadline for bankrupt Delphi Corp. to craft cost-cutting pacts with its unions and former parent General Motors Corp. is looming. Willie Thorpe, the Moraine-based chairman of the International Union of Electrical Workers-Communication Workers of America Automotive Conference Board, said Monday afternoon he was on his way to Detroit for talks there Tuesday. Even though Bloomberg News reported on its Web site that one possible Delphi investor, Cerberus Capital Management LP, might step back from a planned investment in a reorganized Delphi, Thorpe said talks were on. ... Contact this reporter at (937) 225-2390 or [email protected]. http://www.daytondailynews.com/n/content/oh/story/news/local/2007/01/29/ddn012907delphiweb.html

From the 1/27/07 Youngstown Vindicator: Labor contract will be the key in GM's decision on Lordstown The union is eager to bargain a new contract to help save Lordstown. By DON SHILLING VINDICATOR BUSINESS EDITOR LORDSTOWN — General Motors should decide this year whether to close its Lordstown complex or revamp it for a new vehicle, the complex manager said. John Donahoe said such decisions normally are made two years in advance and GM has scheduled production of the Chevrolet Cobalt in Lordstown only through summer 2009. Key to GM's decision will be a new local labor contract that will be negotiated this year, said Donahoe and union officials who met with reporters Friday. ... [email protected] http://www.vindy.com/content/local_regional/295358572412079.php

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