make me feel good about getting my first Chrysler
I would hope that it means that in-plant quality will improve. The boys on the assembly line have got to know that their jobs are hanging by a thread and that they really need to be doing five-star work. My fear is that in the future, product innovation will suffer as fewer resources are available to make cars that people will want to buy.
Fiat will have controlling interest not UAW
cnn - Looks like it will be sometime before Fiat "controls it" and did ya look at the board ??? they may never "control" it.
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The new Chrysler: The deal established a new company, called Chrysler Group LLC, after the former Chrysler LLC sold nearly all of its assets to the new firm.
Chrysler Group is 55% owned by the United Auto Workers union. The U.S. government holds an 8% stake and Canada a 2% share. Fiat will not be allowed to take a majority stake until the new Chrysler pays back the $22.1 billion lent to it from the Treasury Department, including Wednesday's $6.6 billion wire transfer.
"
The new Chrysler: The deal established a new company, called Chrysler Group LLC, after the former Chrysler LLC sold nearly all of its assets to the new firm.
Chrysler Group is 55% owned by the United Auto Workers union. The U.S. government holds an 8% stake and Canada a 2% share. Fiat will not be allowed to take a majority stake until the new Chrysler pays back the $22.1 billion lent to it from the Treasury Department, including Wednesday's $6.6 billion wire transfer.
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Mar 10, 2014 01:39 PM



