UAW Says Delphi Deal Won’t Make Deadline
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From Bloomberg News
United Auto Workers doesn’t expect talks with Delphi Corp. to produce an agreement by the end of March, when the auto-parts maker has threatened to ask a judge to void labor contracts, a union official said.
“They have made some progress, but clearly some significant issues remain and until it’s done, it’s not done,” Clyde Sims, president of UAW Local 913 at a Delphi plant in Sandusky, Ohio, said after a UAW meeting in Detroit.
Shares of GM rose 36 cents to $21.50.