Monday, April 16, 2007

Cerberus group's plan to buy Delphi hits hurdle: WSJ

(Reuters) - Cerberus has expressed concerns to the union, United Auto Workers, General Motors and Delphi about the auto parts maker's profitability a few years from now, when new hires's pay increases, the Journal reported.

The burden of keeping negotiations at Delphi going has fallen on GM, the paper said, adding that it could force GM to further subsidize wages and benefits for new and future employees at Delphi.


Read more at Reuters.com Mergers News

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