>> GM won't subsidize Delphi workers' pay
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> Good. They should not subsidize them
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Delphi may strike which would shutdown GM. If GM can get a court order preventing the strike it may save them and half the city from more economic depression which will give GM some breathing room but force Delphi workers to either walk off and quit or take a pay cut. Good attorneys will be needed though to fight those old outdated 1930s union laws/rules. Those old union rules are one of the main things that have been strangling the US auto industry. Those high wages and benefits can no longer be afforded in a global economy unless those rules are also applied globally....that wont happen so its no longer an even playing field. No wonder the Japanese are capitalizing they dont have the same overhead.