Tuesday, September 24, 2013

UAW say their shares of Chrysler worth more than anyone will pay. Demand "card check" vote on value.

Chrysler Group files for IPO as Fiat seeks deal to merge automakers | Crain's Detroit Business:
"Marchionne, who is chief executive officer of both Fiat and Chrysler, and the United Auto Workers’ healthcare trust are locked in a dispute over Chrysler’s value.
Fiat is seeking to buy the trust’s stake and merge the two companies to create a global player with the scale to compete with industry leaders Toyota Motor Corp. General Motors Co. and Volkswagen AG.

A stock sale may delay a Fiat-Chrysler merger, Marchionne, 61, said on Sept. 13., adding that the two sides “are not getting closer, but we keep on talking.”"

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