Delphi — the bankrupt, former GM parts unit — said that 12,600 of its hourly employees accepted the company’s early retirement offer. As part of the March agreement with the UAW, workers with 30 years on the job will receive $35,000 to retire immediately with full benefits. Workers with at least 27 years would receive […]

The United Auto Workers union has announced that about 40,000 hourly workers at General Motors and Delphi have accepted buyout offers, which has far exceeded expectations. This is about 7,000 more workers than just a week earlier. A United Auto Workers union local official said that about 30,000 General Motors and 10,000 Delphi workers had […]

A U.S. bankruptcy judge has granted Delphi an extension to file a reorganization plan for its U.S. operations by about six months to February. Delphi asked for the extension earlier this month, citing the sheer size and complexity of its Chapter 11 restructuring. The reorganization plan was due by August 5.
Delphi has sole rights to […]

Delphi announced a buyout deal with its second-largest union, the International Union of Electrical Workers-Communications Workers of America. The deal provides retirement incentives and buyouts to 8,000 hourly workers of the union. The new deal will accelerate the retirement of thousands more U.S. auto workers.
About 8,000 hourly workers represented by the IUE-CWA are eligible. Some […]

On Friday, Delphi announced an expanded deal of buyouts with United Auto Workers and put off court hearings. The deal expands the earlier buyout plan and now is available to all Delphi UAW workers.
The buyout offer is similar to the plan offered to GM’s UAW workers in March with lump-sum payments of $140,000 for workers […]

According to The Wall Street Journal, there could soon be a deal to offer thousands of workers at Delphi lump-sum payments of $70,000 to $140,000 to leave the company and their health benefits. The newspaper said that substantial progress has been made in the past week in talks between Delphi, General Motors and the unions. […]

Delphi has asked the U.S. Bankruptcy Court to extend the time to file its reorganization plan, citing the sheer size and complexity of its restructuring. Delphi has requested an extension until February 2007 to complete the plan to pull the supplier out of Chapter 11. Delphi sasys the extension would give it time to complete […]

Back in April, we reported that Ferrari would use Delphi’s MagneRide suspension system on its new 599 GTB Fiorano, which was first used on the new Corvette C6 and Cadillac STS
Delphi and Audi announced yesterday that Audi will equip its new 2007 TT with Delphi’s MagneRide semi-active suspension, which will be called Audi Magnetic Ride. […]

Hearings in the Delphi bankruptcy case continued Wednesday morning, the day after General Motors asked judge Robert Drain to postpone proceedings to give the companies and their unions more time to reach a deal.
Delphi has requested permission from the court to cancel labor contracts with its unions, which if acted upon would likely prompt a […]

General Motors asked the judge overseeing Delphi’s bankruptcy case to postpone hearings related to canceling union contracts for up to two months. This will give the companies more time to reach a deal with the unions. The hearings are scheduled to begin today.
“The reason that we did that was to allow the parties to focus all […]