By Kostia Khait
Hell... Delphi Corp. and Visteon are under bankruptcy! It seems automotive is on the bottom, lower than anything else.
Automotive is down, down, down...
Wednesday, September 30, 2009 1:21 AM
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This shouldn’t come as a big surprise. Both Delphi and Visteon are the spin-offs of GM and Ford respectively. The Big Three were hit the worst by the recession (deservedly so, I’d say). GM is just emerging from the bankruptcy protection, and, while Ford managed to stay afloat, its sales were hurt pretty badly. We don’t see Denso or Magna filing for chapter 11, right?
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