Although progress has evidently been made, the union representatives and GM are entering an intense time of negotiations, according to reports prepared by Reuters today. These talks also include/affect workers benefits at Delphi, the large supplier to GM that is now in chapter 11.

Quote:

General Motors Corp. (GM.N: Quote http://today.reuters.com/stocks/overview.aspx?symbol=GM.N , Profile http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=GM.N , Research http://today.reuters.com/stocks/ResearchReports.aspx?symbol=GM.N and the United Auto Workers union were in high-level talks on Saturday aimed at forging a deal to offer early retirement to thousands of factory workers and avert a crippling strike at a key supplier, people familiar with the talks said.

Representatives of GM, former subsidiary Delphi Corp (DPHIQ.PK: Quote http://today.reuters.com/stocks/overview.aspx?symbol=DPHIQ.PK , Profile http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=DPHIQ.PK , Research http://today.reuters.com/stocks/ResearchReports.aspx?symbol=DPHIQ.PK and the UAW were meeting over the weekend, an indication of the urgent pace of the talks which have run for several months.

and here is a link to the whole article:

http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2006-03-18T234409Z_01_N18399194_RTRIDST_0_BUSINESSPRO-AUTOS-GM-DELPHI-DC.XML

Mike