Facing a Thursday deadline for Chrysler to restructure or likely get cut off from the government teat, its largest lenders agreed to a major debt restructuring.
Meanwhile, the Ram could getmajority union ownership as part of its larger restructuring.
I personally think it’s a dumb idea; Chrysler has even less to offer in the way of non-gas guzzlers than does GM. The employee work tasks/definitions restructure may help, but that doesn’t totally address the timeframe needed to turn around a crappy brand outside trucks. (Even there, Dodges are among the biggest gas guzzlers.)
And, all in exchange for just one UAW health trust fund seat on Chrysler’s board? I guess the UAW is both easy AND cheap.
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