What does UAW do with 55 percent of Chrysler?

Updated

As creditors, the United Auto Workers Union, the managements of GM (GM) and Chrysler, and representatives of the Treasury go through round after round of negotiations, one thing is becoming clear. The federal government is going to own big pieces of both companies as it injects capital needed to get each firm through the year. The union will also hold big equity stakes in both companies.

How does the UAW ever get cash for its equity? It will need the money to fund pensions and medical care for its members.

Advertisement