Drop the Daimler Chrysler
Chrysler made steps toward avoiding bankruptcy, reaching a preliminary agreement with the largest union in the U.S. and won or validation of a new ntelegeri with Canadian workers, that prior to the April 30 deadline imposed by Obama.
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Agreement with the Canadian union would reduce Chrysler costs by 240 million U.S. dollars Canadian (197 million U.S. dollars) annually.
As may be anticipated, understandings refer to concluding contracts of employment less advantageous for workers, a condition without which the alliance with Fiat will not be possible, and U.S. and Canadian governments will not give them any money in the form of aid by Chrysler.
"The chances of the group to succeed are higher now, but I could say that all danger has passed, said Erich Merkle, an auto industry analyst's independent.
Chrysler has received a loan of 4 billion U.S. dollars from the government in early January and were promised another 500 million U.S. dollars. American manufacturer could receive the final $ 6 billion as additional loans by signing an alliance with the Italian manufacturer Fiat, before April 30.
Moreover, Daimler dropped and the 19.9% stake it held in May in the American company Chrysler. The agreement was signed between Daimler, Chrysler and investment fund Cerberus, which bought 80.1% of American company in August 2007 and now wholly owned Chrysler.
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