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After a string of main collapses throughout the US automobile trade this yr, another player has fallen by the wayside, write Jeff Bennett and Tom Becker. Trouble in the car parts industry, it appears, is just not restricted to Australia. US17.1 billion asset base. Bankruptcy protection appeared to be the one possibility after Delphi did not win concessions from unions and monetary help from former parent General Motors Corp, on which it was pinning its survival. Delphi, which was spun off from GM six years ago, has now hit the file books a second time. Not only is it the US's largest car parts maker, it is usually the biggest car-associated company to go bankrupt in US historical past. In Australia, Delphi manufactures gas feed methods and exhaust equipment. The way forward for its Australian operations is unclear. US27.50 an hour. The Michigan-based mostly company may use bankruptcy to shut factories, renegotiate contracts with prospects, shed its "bank" of workers who draw salaries if they are not working, and possibly hand its underfunded pension to the US Government.

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