GM And The UAW (Delphi)

It seems as though GM is in dire need. But is this the case? Delphi (GM's largest supplier) declared Bankruptcy before the laws on Bankruptcy became more stringent. This takes much pressure off of Delphi.

Now, GM is liable for the pensions that Delphi's UAW retired workers were entitled to if Delphi ran into trouble. Well Delphi has run into trouble. But Delphi's workers do not like the fact that their wages are being cut 62%. This could be the Ace in the Hole for GM. They could offer higher wages to Delphi workers in lieu of GM being held accountable for the pensions on retirees.

I think this would be good for everyone all around. If GM were to become liable for these pensions, it is possible GM would be in for it's bumpiest road ever in ten decades.