Labor

Delphi Reaches Agreements In Principle With Statutory Committees

Form of Amended GM and Plan Investor Agreements Also Filed With Bankruptcy Court. Delphi to Proceed with Dec. 6 Investment Agreement Amendment Hearing And Continuation of Disclosure Statement Approval Hearing

December 4, 2007 -- TROY, MICH. -- Delphi Corp. (PINKSHEETS: DPHIQ) announced that it has reached agreements in principle with its Official Committee of Unsecured Creditors, its Official Committee of Equity Security Holders, General Motors Corp. and its Plan Investors on amendments to its Joint Plan of Reorganization, Global Settlement Agreement and Master Restructuring Agreement between Delphi and GM, and the Investment Agreement with Delphi's Plan Investors led by an affiliate of Appaloosa Management L.P.

DEARBORN, Mich., Nov. 3 -- Statement by Joe Laymon, group vice president, Human Resources and Labor Affairs, Ford Motor Company:

The United Auto Workers union (UAW) and Ford have reached a tentative agreement on a four-year national labor contract covering approximately 54,000 represented employees in the United States.

I’d like to take this opportunity to thank UAW President Ron Gettelfinger, UAW Vice President Bob King and the entire UAW national bargaining committee for all of their hard work and professionalism over the past several months. I would also like to thank the Ford bargaining team for its skill and dedication during this complex and challenging set of negotiations.

Auburn Hills, Mich., Nov 5, 2007 - Several Chrysler employees were recently recognized for career accomplishments in their chosen fields and community-related activities.

Chaelynne Pope, Senior Manager – Manufacturing Planning and Program Management and Jeff Gale, Design Manager – Advanced Product Design Strategy, were recognized by the Automotive Hall of Fame as 2007 Young Leadership and Excellence Award winners. The award identifies men and women, under age 35 who have exhibited qualities of leadership that the Automotive Hall of Fame feels will represent the industry in its next generation of leadership.

Both Chaelynne and Jeff received their awards at the annual Automotive Hall of Fame banquet on October 16 at the Hyatt Regency Hotel in Dearborn.

Four products will be cancelled from Chrysler line-up; while adding two all-new products and two hybrid models

Auburn Hills, Mich., Nov 1, 2007 - Chrysler LLC today announced that it would make volume-related reductions at several of its North American assembly and powertrain plants, and eliminate four products from its line-up.

Shifts will be eliminated at five North American assembly plants which, combined with other volume-related manufacturing actions, will lead to a reduction of 8,500-10,000 additional hourly jobs through 2008.

Agreement includes independent retiree health care trust; Future competitiveness heightened by constructive agreement

Auburn Hills, Mich., Oct 27, 2007 - Chrysler LLC today confirmed a new Chrysler-UAW 2007 national labor agreement, in response to the UAW's ratification results. Chrysler and the UAW reached a tentative agreement on Wednesday, October 10, after three months of bargaining.

"We are pleased that our UAW employees recognize that the new agreement meets the needs of the company and its employees by providing a framework to improve our long-term manufacturing competitiveness," said Tom LaSorda, Vice Chairman and President, Chrysler LLC.

- Agreement includes independent retiree health care trust
- Future competitiveness heightened by constructive agreement

AUBURN HILLS, Mich., Oct. 27 /PRNewswire/ -- Chrysler LLC today confirmed a new Chrysler-UAW 2007 national labor agreement, in response to the UAW's ratification results. Chrysler and the UAW reached a tentative agreement on Wednesday, October 10, after three months of bargaining.

"We are pleased that our UAW employees recognize that the new agreement meets the needs of the company and its employees by providing a framework to improve our long-term manufacturing competitiveness," said Tom LaSorda, Vice Chairman and President, Chrysler LLC.

10 October 2007 -- Unionized workers have gone on strike at some Chrysler plants in the United States, after negotiators failed to agree on a new contract before a union-imposed deadline.

Some plants continued working after the deadline Wednesday, but workers set up picket lines outside several Chrysler factories in Michigan.

Last month, union employees staged a two-day strike at the largest U.S. automaker, General Motors. The contract agreement the union reached with G.M. was to be used as a template for contracts with Chrysler and Ford.

The General Motors deal included creation of a company-funded, union-run trust fund for retiree health care.