A2: Auto Industry

David Cole, head for Ann Arbor’s Center for Automotive Research, is quoted in a New York Times article about GM’s deal to fund Delphi’s pensions. He said it wasn’t a giveaway, and pointed to a similar investment in American Axle to settle its strike. “That was not a gift; they get a return on that, they get a return on pricing. Up front it’s about $200 million, but with improvements that come from it, the return potential is great.” [Source]