(Adds detail, analyst comment) CHICAGO, March 22 (Reuters) - General Motors Corp. and bankrupt former subsidiary Delphi Corp. will offer early retirement incentives to more than 125,000 factory workers, the companies said on Wednesday, after reaching a cost-cutting deal with the United Auto Workers union. Shares of GM were up over 2 percent on the New York Stock Exchange in response to the deal. Shares of Delphi, which trade on the over-the-counter Pink Sheets market, were down slightly. ...
Premium Content (PAID Subscription Required)
"UPDATE 2-GM, Delphi reach UAW deal to speed worker retirement" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.