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Posted by Will (in IL) on Friday, May 01, 2009 at 13:09:38 :
http://www.detnews.com/article/20090501/AUTO01/905010368/1148/Day+1+for+new+Chrysler+is+anything+but+ordinary
Chrysler's plan to emerge includes new management, a new board, an Italian partner, a revamped product lineup, less plant capacity, fewer workers and dealers and, potentially, a NEW NAME.
Perhaps the New Name is Government Motors Deux, or GM-2?
The new company will be run by a nine-person board with six independent members appointed by the government and three appointed by Fiat, including an employee.
Government Run!
The governments of the U.S. and Canada comprise a collective 10 percent stake and an independent health fund trust to be run by the United Auto Workers will hold a 55 percent stake but without equivalent voting rights.
So even though the UAW owns 55 percent their voting rights are owned by the Government?
All this almost wants me to re-name the company so as to not pollute the history of the name.
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