Jerry Dubrowski
Jerry Dubrowski
claims committee creditors given gm potential seek size surprising
It's not surprising the creditors committee would seek to nullify some of the claims GM has, given the potential size of our claims.
agreement continue reach unions work
We continue to work with Delphi, the court, and the unions to reach a consensual agreement that makes sense for all parties.
agreement allow both emerge general gm ongoing reach trying viable
Our discussions are ongoing with both the UAW and Delphi about trying to reach a mutually satisfactory agreement that will allow Delphi to emerge as a viable supplier to General Motors and make sense for GM and its shareholders.
assumption believe certain change funding less mean minor number people
Other people can make certain assumptions that could change that (funding) number. A minor change to one assumption can have a change in the funding status. It doesn't mean their number is any more or less correct. We believe our number is appropriate.
We don't think it is appropriate to do that.
allow bankruptcy continue court remain union work
We'll continue to work constructively with Delphi and the union and the bankruptcy court to allow Delphi to remain an important supplier.
comment
I think the story is speculation, and typically we do not comment on speculative stories.
build comment commenting heard might secure steps taken
We aren't going to comment on steps that might have been taken to secure parts. We've heard some speculation about a build up of parts, but we aren't commenting on that either.
bankruptcy court remain solution unions work
We'll work constructively with Delphi, the unions and the bankruptcy court to find a solution that allows Delphi to remain an important supplier to GM.
demand struggling
We're struggling to keep up with demand there.
agreement consequences reach
We all know the consequences if we can't reach an agreement.
alarm assume expect otherwise pension people plans reason rely thousands
There is no reason to expect that G.M.'s pension plans will be terminated, and to assume otherwise is to unnecessarily alarm the many thousands of people who rely upon those plans for their retirement.
discovered identified moved preferred recognize review
We would have preferred not to restate earnings, but it is important to recognize that we have had a very comprehensive review ongoing. Where we have discovered or identified errors, we have moved quickly.
best companies continue financial pension plan protect sure
The best way to protect a pension plan is make sure the companies have the financial wherewithal to continue to operate.