United Auto Workers want Daimler to keep Chrysler
April 19th, 2007 Leave a comment Visited 34 times, 2 so far today
United Auto Workers want Daimler to keep Chrysler
The president of the United Auto Workers Ron Gettelfinger has said in a statement that he is going to ask the fellow members of DaimlerChrysler AG’s supervisory board to not sell off Chrysler.
Chrysler is making huge losses for the company in the US market and the company is looking for a potential deal to sell it off.
He is one of 10 labor representatives on the 20-member supervisory board of DaimlerChrysler whose composition has been set by German law.
He said: “There is a lot of value in keeping it. They have synergies and they have buoyed DaimlerChrysler up in the past.”
Chrysler had posted a $1.5 billion loss in 2006 and is struggling to compete in the US market against the Japanese rivals.
Kirk Kerkorian’s Tracinda Corp. is one of the two companies to have made it public that they are interested in acquiring Chrysler from Daimler.
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