With only one strategic bidder interested in Chrysler, UAW president Ron
Gettelfinger is making the case to the carmaker's German parent that it should
keep the U.S. unit. Gettelfinger, who sits on DaimlerChrysler AG's supervisory
board, expects to make his case at the next meeting, according to the Detroit
Free Press. The UAW — Gettelfinger in particular — has been an outspoken
opponent of private equity, which is active in the parts segment of the auto
industry. With three of the four bids on the table coming from buyout firms,
the odds look good that if Stuttgart sells Chrysler, it will land in a
financial buyer's lap. Maybe Blackstone Group LP and Cerberus Capital
Management LP should enlist labor-friendly dealmaker Ron Burkle for some help.
—Matthew Wurtzel
See
story from The Detroit Free Press
See
Chrysler Dealwatch
See
interview with Burkle from TheDeal.com
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