What next another major supplier seems to be in trouble.
From A/P US
Updated: 1:02 p.m. ET Oct. 8, 2005
DETROIT - Delphi Corp., the largest U.S. auto supplier, filed for bankruptcy Saturday, sending shock waves through the nation's auto industry, which already is weakened by high labor costs and falling market share.
The company's bankruptcy is one of the largest in the country's history.
Delphi filed to reorganize its U.S. operations in federal bankruptcy court in New York, where hearings are scheduled to begin next week. Delphi's non-U.S. operations were not included in the filing.