Quotes by Mark Oline

“They certainly distinguished themselves ... but they are not immune to the pressures faced by other suppliers, mainly lower production in North America and commodity costs.”

“Its a distinct possibility that a work action does take place somewhere through the course of this bankruptcy.”

“The extent of the wage and benefit reductions Delphi is seeking would be difficult for any union to swallow easily.”

“It also reinforces the fact that GM will have to make even more significant cuts in their own cost structure going forward.”

“We have not yet seen any supply disruptions, but it remains a key risk, ... That risk will only increase as we get closer to a date where Delphi, if unable to achieve a contract with a UAW, needs to impose a contract.”

“The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario,”

“GMs opportunity for shrinking its cost structure appears to be narrowing,”

“Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes,”

“The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.”

“Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes.”