General Motors CEO Rick Wagoner said today that the automaker had made “progress with all the constituents” in talks between bankrupt parts maker Delphi and its unions.

“We’ve made progress very quickly. I remain optimistic and hopeful to reach a deal as quickly as possible,” Wagoner told reporters. “There are a million strings on this deal. … It tends to make it a lot more complicated, but we’re making a lot of progress with all the constituents.”

GM, Delphi and its unions are trying to negotiate a new labor contract to avoid a bankruptcy court ruling into Delphi’s request to void its unions contracts, which could lead to a union strike. Last month, the bankruptcy judge delayed hearings until Sept. 18, to give the parties more time to negotiate.

“We continue to meet with all of the parties: the unions, the statutory committees and GM,” Delphi spokesman Lindsey Williams said. “While we are making progress, we still have work to do. We are looking forward to making further progress.”

## Source: Reuters ##

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