Wall Street lenders opposed to U.S. plan to reorganize carmaker throw in towel. Control of company by UAW and Fiat looking more likely.
Keys: Finance, management, government, labor relations
Questions for discussion:
- Why do you think the remaining hold-outs accepted the terms for restructuring the ownership of Chrysler?
- Do you think the new Chrysler will be successful?Ã‚Â Explain your answer.
- How do you think the new government and labor union ownership will affect the management and operations of the firm?
- Do you think some people might avoid buying Chrysler in the future? Why?