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Monday, May 21, 2007

Industrial Market Trends Blog Update

May 21, 2007

On Today's Blog

The purchase of Chrysler has been a huge story recently. The automaker aims to return to profits in '08, but the main hurdle lies in its ability to clinch a new contract with the United Automobile Workers (UAW) union that reduces costs, particularly for health care. Will a private company be tougher for the auto union to deal with because the owners could be uncompromising, or can private equity investors fix Chrysler for good without a confrontation with the union?
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