|
Published: November 16, 2007 02:32 am
OUR VIEW: Delphi, GM emergence plan positive for area
There are still some details that have yet to be released, but the news that Delphi Corp., General Motors and an investment group have agreed on a revised plan to emerge from bankruptcy is great for Western New York.
With Delphi and GM as major players in Western New York’s economy, we were happy when the initial agreement was announced, but now the word is that there will be $5.2 billion in financing to help make this possible.
The exit financing is actually lower than what was originally planned, but GM and Delphi are still optimistic this is a turning point for the struggling auto powerhouses.
“Today’s filings, which have been agreed upon by GM and all of our plan investors, are the cornerstones of a plan of reorganization that we believe can be achieved during this challenging capital markets environment,” John Sheehan, Delphi’s chief restructuring officer, said in a statement.
Sounds like good news to us. Delphi and GM have had their financial and union troubles respectively, but nothing is more important for the workers, retirees and general economy of Western New York than both entities emerging from this pact successfully.
|
|
|
|
 |
WAIT STAFF
WaitSTAFF P/T 11am -2pm or 3:15-6:45pm. Will train. Apply Amberleigh Retirement, 2330 Maple near Transit. ...>MORE
Assistant Director
ASSISTANT DIRECTOR
Alumni Relations (ft) sought by the Alumni Relations Department of Niagara University, a private...>MORE
Substitute School Nurse
SUBSTITUTE SCHOOL Nurse, Lockport City School District, Up to $20/hr. 478-4820 ...>MORE
Facilities Director
Facilities
Director
Strategically manage commercial and residential portfolios onsite in US and Canada. Exe...>MORE
Medical Assistant
Medical Assistant for busy dermatology office. Resume to PO Box 61, E. Amherst, NY 14051...>MORE
Nursing
NURSING. ElderWood Senior Care, "Care Without Compromise". We invite you to stop by and learn how you can become part of...>MORE
Job Fair
HUMAN SERVICES
JOB FAIR
For COMMUNITY MISSIONS
Program Locations/Job Opportunities
working w/c...>MORE
Customer Service
Customer Service
CARPET CLEANING
$400-$600/week
Our customers have cleaning fever. Openings for men & wom...>MORE
FLOOR ASSISTANT
Floor asst. needed for approx. 30-35 hrs/wk in a podiatry office, no exp. nec., will train, call between 12-2:30 pm for ...>MORE
CARPENTER: Framing, 3-5 years exp. $11-15/hr DOE. Transportation necessary. 716-689-6829...>MORE
See all ads |
Chevy 2003 Impala
CHEVY 2003 Impala
25,600 miles, loaded
Exc. Cond. $10,000/bo
297-2199...>MORE
Chevy 2007 Impala LT
CHEVY 2007 Impala LT
25,800 mi, ext. warranty
Exc. Cond, $16,500
297-2199...>MORE
Mazda 1995 Millenia
Mazda 1995 Millenia loaded, leather, only 26k mi. exc. cond. $2995. Best Offer
531-3548, 297-1526...>MORE
Ford 1995 Crown Victoria
Ford 1995 Crown Victoria 4 dr, loaded, new tires must see & drive $3500. red. 860-2854...>MORE
VW 2001 Beetle
VW 2001 Beetle, loaded, GLX turbo, exc. cond, all service records, fun to drive, blue bk $5600, take best offer, 990-06...>MORE
Mercury 1999 Grand Marquis
Mercury ‘99 Grand Marquis 4 dr, leather, all options, 49k org mi., showroom cond. $6000. 860-2854, ...>MORE
Buick 2005 Lesabre
BUICK 2005 Lesabre Custom, excellent condition, fully loaded, $6700 or best offer, 754-4540...>MORE
Dodge 2001 Neon
Dodge 2001 Neon 4 dr, auto, a/c, new tires, c/d no rust, inspected, $3900. white 860-2854...>MORE
See all ads |
|
See all ads |
|
 |
|
Print this story
E-mail this story
