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Posted on April 15, 2009 | tags

 
 

Biz: Fiat still isn’t afraid of backing out on the Chrysler deal

  • If unions don’t accept cuts, they may cut out. Fiat is Chrysler’s main hope for survival right now, and they know this, but they still aren’t afraid of playing hardball. If unions don’t want to take cuts, said CEO Sergio Marchionne, “Absolutely we are prepared to walk.” The unions may not have much of a choice, if option B is the dissolution of Chrysler. source
 
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