Business Services Industry
GM TO END DISCOUNTS FOR DELPHI WORKERS.
Crain's Detroit Business, March, 1999 by McCRACKEN, JEFFREY
The 27,000-plus employees of Delphi Automotive Systems Corp. across Michigan, plus their hundreds of thousands of relatives, likely no longer will qualify for General Motors Corp.'s new-car discount after next year. The discount typically saves employees $1,000 to $2,000 a car. Local dealers are worried they may lose some customers.
Delphi acknowledges workers aren't pleased but emphasizes the company pushed to extend it through Dec. 31, 2000, and will go back at that time to ask GM for another extension. The expiration of the discount for Delphi workers is part of the separation agreement between GM and Troy-based Delphi, which officially stopped being part of the automaker Jan. 1 and issued its own stock Feb. 5. Losing the GM-employee discount could be...
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