May I ask why in the world that General Motors is being attacked now in the middle of a major reorganization? Well, could it be that the Union having negotiated with the company to reduce health care benefits, which is bleeding the company dry, now wants to change their mind? Delphi just filed bankruptcy, Ford announces 250 plus million dollar losses in the third quarter and General Motors has considered dumping GMAC and all of this ought to be a sign to folks that in fact things are tough in the United States Automaker sector.

The Securities and Exchange Commission has upgraded its two investigations of GMs under funded pension accounting practices and its relationship with auto parts supplier Delphi Corp. I thought we had an ongoing saying in the automotive industry,