This is a BIG deal for the entire automotive industry. Delphi, which is a spin off from GM is already operating under chapter 11 Bankrupcy. Delphi is a HUGE parts supplier and supplies many componenents to even the germans. If GM were to allow Delphi to collapse completely, there are going to be production problems all over the world, and not just in GM factories. I dont see any joy in that Yannis, let alone the thousands upon thousands of people who will lose their jobs (Way beyond what would be lost through restructuring and costs cutting), retirment benefits and health plans.