Just saw this in the paper and I wondered how it would effect buyers;

DETROIT (Reuters) - General Motors' Corp. (GM) could be forced to shut its North American operations at a cost of $1 billion a week or more if a strike hits Delphi Corp., analysts said on Friday.

Bankrupt Delphi Corp. (DPHIQ) asked a U.S. bankruptcy court on Friday to void its U.S. labor contracts and reject unprofitable supplier deals with GM, covering about half the automaker's North American annual purchase volume.

The United Auto Workers union (UAW) said it would be "impossible to avoid a long strike" if the court rejects its Delphi contracts and added that there was "no basis for continuing discussions."

"That's scary -- the fact that they are saying there is no reason to even negotiate now," Argus Research analyst Kevin Tynan said. "If you were to take their statement at face value, that increases the likelihood of a strike considerably."

"If it's a long, drawn-out strike, GM would face an unsustainable cash burn rate that would end up in bankruptcy," he said.

The world's largest automaker lost $10.6 billion in 2005 as it grappled with high labor and materials costs, loss of U.S. market share to foreign competitors and declining sales of high priced sport utility vehicles.

Several analysts who follow the auto industry said a strike at Delphi would quickly shut GM's North American operations and cost it dearly.

"GM books its revenue when it sells to dealerships. If they are not producing anything, they are not selling anything. But they still have the overhead costs such as payroll for white-collar staff, maintenance of plants, electricity, etc.," Tynan said.

"That cash flow is not coming from revenue, it's coming from their stockpiled cash. And it will cost them about $1 billion a week to keep the lights on."

A 1998 Delphi strike halted about 95 percent of GM's North American operations for nearly two months.

GM shares fell 34 cents, or 1.6 percent, to $20.72 in Friday afternoon trade on the New York Stock Exchange.