There is concern that workers at Delphi Corp., a major auto parts supplier for General Motors, will go on strike. Analysts are worried that the auto maker has underfunded its pension plans, and that Delphi's call for wage and benefit cuts will lead to labor animosity. Union leaders have formed a coalition to fight the proposed cuts, which they call an assault on working families.
See "GM Shares Fall on Fears of Delphi Strike", Reuters, The New York Times, November 9, 2005