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Meanwhile, just to the north, in Kokomo, Ind., Rich Boruff, vice- president of the United Auto Workers local 685, is closely watching the developments. Kokomo boasts plants for Chrysler and one of the nation's largest auto parts suppliers, Delphi. So there is much at stake. Boruff and his troops have been calling and e-mailing their Congressional representatives, urging them to support a bailout for the major automakers. The consequences of a bankruptcy declaration from either of the Big Three, he fears, are just too severe. "It'd kill us," he says...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

...North American manufacturing plants and at least 4,000 so-called Tier 1 suppliers - firms that feed parts and subassemblies directly to those plants. That includes mom-and-pop outfits but also a dozen or so large companies such as Lear, Johnson Controls and GM's former captive Delphi. Beyond those are thousands of the suppliers' suppliers...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

OMAHA, Neb.—Like the ancient Greeks who traveled hundreds of miles to hear the Oracle of Delphi, so went 98 Harvard students this weekend in search of business wisdom from the Oracle of Omaha—Warren Buffett.Buffett, whose estimated $52 billion fortune makes him the second-richest person in the world according to Forbes, spoke with about 20 other American business leaders on topics that ranged from formulating business strategy to balancing personal and professional interests.“Unconditional love is the most powerful force in the universe,” Buffett said...

Author: By Prateek Kumar, CONTRIBUTING WRITER | Title: Students Make Buffett Pilgrimage | 10/22/2007 | See Source »

...prime example: R&D centers, once kept close to domestic headquarters, have been springing up around the world as companies seek to lower product-development costs. China and India are attracting the most investment dollars, but other locations are also rapidly emerging. For example, Motorola, Capgemini and Delphi are all setting up R&D centers in Krakow, Poland. Companies accustomed to keeping their R&D operations at home may end up missing important opportunities, says Spelman, because innovation is no longer confined to traditional research havens such as Silicon Valley. He points out that 12% of all nanotechnology patents...

Author: /time Magazine | Title: Corporate Survey | 1/18/2007 | See Source »

...Analysts say GM has lost one percentage point of U.S. market share in the past year - about 170,000 vehicle sales - as buyers shun its models, fearing a meltdown. Company execs stress that GM has ample cash. But bankruptcy is a psychological event as much as a financial one; Delphi sought Chapter 11 protection not because it ran out of money but because it ran out of credibility, sparking a run on the bank. "Someday, someone will be brave enough to say these guys aren't gonna die, that this place is on the cusp of a major turnaround," says...

Author: /time Magazine | Title: Why GM May Not Be Dead | 5/14/2006 | See Source »

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