With its biggest parts supplier under Bankruptcy Court supervision, General Motors ( GM) finds its own future even harder to predict. GM says Saturday's Chapter 11 filing by former subsidiary Delphi ( DPH) probably doesn't trigger any immediate liability for the No. 1 U.S. automaker. But it could create obligations of as much as $11 billion if various pension guarantees were enforced. GM, which spun off Delphi in 1999, says it's too early to tell how big a bill it could face. Delphi, which lost almost $5 billion last year and had been negotiating for months for labor concessions with the United Auto Workers union, filed for Chapter 11 protection in New York on Saturday. The company expects to continue operating with $4.5 billion of post-petition financing and said it expects to reorganize over two years. Delphi employed roughly 185,200 people worldwide at the end of 2004, including 147,900 hourly workers. About 75% of hourly workers were represented by the union, including 25,200 in the U.S. by the UAW. Delphi provides about half of GM's parts, making it by far the automaker's biggest supplier. For now, GM sees no immediate effect on its global automotive operations from the filing, with Delphi committed to maintaining its supply lines as it carries out its restructuring. But the former parent sketched out a number of potential quagmires related to the filing, the biggest of which stems from pension guarantees GM agreed to as part of the spinoff that created Delphi as a public company six years ago. GM noted that the pension deals cut with the UAW, International Union of Electrical Workers and United Steel Workers contain separate benefit guarantees relating to pension, healthcare and life insurance benefits, each of which has separate "triggering events" that kick in if Delphi fails to make good.