UAW Sees Big 3 Saving $1,000 a Car
The UAW leader, speaking at a labor organization's dinner in Southfield, Mich., said the union is discussing further cuts with Chrysler LLC, which was purchased last year by private-equity firm Cerberus Capital Management LP. He didn't quantify the size of the cuts, and he didn't indicate whether the UAW will agree to what Chrysler is seeking.
When asked if Chrysler has adequate capital to execute a massive restructuring, Mr. Gettelfinger said, "I think they do, I'm confident they do."
LINK:UAW Sees Big 3 Saving $1,000 a Car - WSJ.com
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