Elephant In Exile

Auto industry rocked by Delphi bankruptcy

You may remember that almost six months ago we talked about the coming problems facing Michigan and the auto supplier industry here at EIE. Here's a quote from May, 2005...

"One can only wonder what will happen to Michigan as more and more manufacturers move their operations to China. Delphi & Delco, the two large parts manufactures for American automobiles will likely move their production overseas in the near future at the cost of a couple 100,000 jobs. Marketing and engineering may remain, but the line guys will be left with stocking shelves at Wal-Mart. So far there doesn't seem to be any plan for transitioning the economy to others areas. Grand Rapids (Michigan's second city) has set its sights on becoming a healthcare Mecca, but Detroit still flounders and what was once America's fourth largest city continues to crumble. Perhaps, if they want to see their future, they should look up the road a piece to Flint." Elephant, May 4, 2005