IN BRIEF (Page 17)
China Daily | Updated: 2009-04-29 07:47
UAW Chrysler stake
The United Auto Workers union's retiree healthcare fund will own 55 percent of Chrysler LLC in exchange for cutting in half the automaker's $10.6 billion cash obligation to the trust, people familiar with the matter said.
Under the terms of the contract, the trust would get representation on the board of directors, said two people briefed on the deal.
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