Wall Street lenders opposed to U.S. plan to reorganize carmaker throw in towel. Control of company by UAW and Fiat looking more likely.
Source: CNNMoney.com
Date: 5/08/2009
Keys: Finance, management, government, labor relations
Link: http://money.cnn.com
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? 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?
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