General Motors Corp.'s chief financial officer said Thursday he expects the United Auto Workers union to make a wage and benefit counteroffer soon in ongoing negotiations involving Delphi Corp. "I haven't seen it. I think it's probably reasonable to expect we're going to see something," CFO Fritz Henderson told reporters, in a rare company comment on the state of negotiations. He said negotiations between the unions, Delphi, GM and private equity investors who plan to pump money into the struggling auto parts maker continue almost every day. Delphi, GM's former parts operation that was spun off as a separate company in 1999, has been operating under Chapter 11 bankruptcy protection for more than a year.
See "UAW expected to make wage counteroffer on Delphi, GM says", Tom Krisher, Chicago Tribune, May 2, 2007