How did Delphi Corp. fall into financial disarray so quickly, and can the No.1 supplier in the U.S. devise a new business model for long-term viability without plundering the notion of a prosperous middle class? Delphi's plunge into bankruptcy Oct. 8 could have been predicted, given the challenges it faced after being spun off from General Motors Corp. six years ago, says John Henke, who studies automotive suppliers as president of Planning Perspectives Inc. in Birmingham, MI. Most ...
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