An automaker majority owned by the UAW, or …
The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the automaker.
Fiat SpA “eventually” will own 35%, and the U.S. government and Chrysler’s secured lenders together will end up owning 10% of the company once it is reorganized.
http://online.wsj.com/article/SB124087751929461535.html
An automaker majority owned by the Federal government, with the UAW owning most of the rest, or …
General Motors outlined a new turnaround plan that would leave the U.S. government controlling the auto maker.
Under the plan, GM is asking for an additional $11.6 billion in government loans, on top of the $15.4 billion it has already received. It envisions giving the government at least half ownership of the company as payment for half of the loans.
At the same time, GM said it would use stock instead of cash to pay off half the $20.4 billion it owes a United Auto Workers fund to cover retiree health care. That stock would leave the union owning about 39% of GM.
http://online.wsj.com/article/SB124083476254259049.htmlhttp://online.wsj.com/article/SB124083476254259049.html
Buy a Lexus, BMW, Mercedes, or …
Hmmmm … let me think about that one for a moment
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