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United Auto Workers capitulates to carve-up of Chrysler
by wsws (reposted)
German automaker DaimlerChrysler announced yesterday that it had agreed to sell majority ownership of its North American Chrysler Group to the private investment firm Cerberus Capital Management for $7.4 billion. The sale paves the way for the carve-up of the 80-year-old auto company and a massive attack on the jobs, wages and health and retirement benefits of Chrysler’s 80,000 employees in the US and Canada.

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