Google Trend: ‘Chrysler Stock Price’
Number 94 on Google Trends: April 30, 2009 is ‘Chrysler Stock Price.’
If you’re here because you searched for how much of a steal you can grab some Chrysler stock for, you can keep looking but you’ll never find the price – Chrysler is privately held.
These guys are going to own Chrysler.
Transcript: President Obama Remarks on Auto Industry, Chrysler Bankruptcy, Fiat – April 30
Chrysler – New Lease on Life
(Source: White House Press Office)
THE PRESIDENT: Hey, guys. I know you haven’t seen enough of me lately, so — (laughter.)
One month ago, I spoke about some of the problems that have led to the crisis in the auto industry, and about what would be required to ensure that General Motors and Chrysler emerged from their current troubles stronger and more competitive. My team will continue working with General Motors as they strengthen their business plan and move towards restructuring that’s consistent with the principles that I’ve laid out.
And today, after consulting with my Auto Task Force, I can report that the necessary steps have been taken to give one of America’s most storied automakers, Chrysler, a new lease on life.
Chrysler, UAW Reach Deals in U.S. & Canada In Line With Federal Guidelines for More Taxpayer Financing
Neither the United Automobile Workers union nor the company released details of the agreement, which modifies the union’s 2007 contract and reduces the amount of money Chrysler must pay into a new health care fund for retirees.
The union plans to have its 26,000 Chrysler workers vote on the deal by Wednesday.
“We recognize this has been a long ordeal for active and retired auto workers, and a time of great uncertainty,” the union’s president, Ron Gettelfinger, said in a statement. “The patience, resolve and determination of U.A.W. members in these difficult times is extraordinary, and has made it possible for us to reach the agreement we will present to our membership.”
The Canadian Auto Workers union said late on Sunday its members voted 87 percent in favor of a new collective agreement with Chrysler [CBS.UL] that will save the company about C$240 million ($198 million) annually.
The union made the steep concessions in order to try to help the besieged company qualify for billions of dollars in government aid in Canada and the United States and avoid liquidation.
“The reality is this was probably the most difficult and unprecedented time in the history of auto workers,” CAW President Ken Lewenza told Reuters.
