The word is out that General Motors' Chief Financial Officer Fritz Henderson told a meeting of investment analysts this week that he expects a deal with Delphi and the United Auto Workers within 30 to 60 days - a prediction that left some analysts shaking their heads, believing that Henderson is being overly optimistic given the complexity of the situation.
Although saying that the bankruptcy court judge is strongly encouraging Delphi and the unions to reach a consensus agreement, a GM spokesperson stopped short of confirming Henderson's prediction of a settlement timeline.
Henderson is undoubtedly praying for a quick settlement to the Delphi mess, as the likely alternative - a messy strike that would shut down GM production - would blow the company's fragile recovery strategy out of the water.
[Source: Reuters]
Although saying that the bankruptcy court judge is strongly encouraging Delphi and the unions to reach a consensus agreement, a GM spokesperson stopped short of confirming Henderson's prediction of a settlement timeline.
Henderson is undoubtedly praying for a quick settlement to the Delphi mess, as the likely alternative - a messy strike that would shut down GM production - would blow the company's fragile recovery strategy out of the water.
[Source: Reuters]
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