A Deal that Could Save Detroit
Just a few weeks ago, United Auto Workers President Ron Gettelfinger had nothing but contempt for the "strip-and-flip" private equity investors bidding for Chrysler Group DCX. So most people expected him to come out slugging when Cerberus Capital Management agreed to buy the struggling automaker on May 14. Instead, Gettelfinger embraced Chrysler's new owner. "The status quo is off the table," he declared.
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