Word: chrysler
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...since 1982 have negotiators for the United Auto Workers and Chrysler squared off for comprehensive contract talks. When U.A.W. President Owen Bieber and Tom Miner, Chrysler's vice president of labor relations, shook hands last week to open new negotiations, the circumstances were very different from those surrounding the earlier talks. In 1982 Chrysler was just starting to come back from a brush with bankruptcy, its veins full of bailout money. Today the company is robust, its sales up and Government-backed loans of $1.2 billion paid...
Mindful of Chrysler Chairman Lee Iacocca's compensation of $5.5 million last year, U.A.W. negotiators came to the first meeting wearing buttons saying LEE GOT HIS. WE WANT OURS. They called for the carmaker to set up a profit-sharing plan for its 69,000 workers at 46 U.S. sites. Another issue that may complicate efforts to forge a contract before the October 15 deadline is the location of new plants. The union wants a promise from Chrysler that it will build the Liberty, a subcompact designed to compete with General Motors' Saturn, in the U.S. rather than in South...
...hear him tell it, Chrysler Chairman Lee lacocca, 61, wants to run for President about as much as he wants to be seen driving a Ford. "I have no intention at all of entering the funny world of politics," he told reporters in Washington last week. "I don't want to have a mid-career change and bring on a mid-life crisis...
...seem to feel the same way. But DaimlerChrysler sees the field differently. It has spent millions to modify a handful of gas and diesel-powered Mercedes Sprinter vans into plug-ins, which will be tested as early as this fall by commercial partners in the U.S., such as utilities. Chrysler says the vans can run 20 miles on batteries charged both via the socket and, like the Prius, by braking. Cost will matter, says Rolf Bartke, head of the Mercedes-Benz van division. "In the end it should be viable and economic for our customers." Bartke says...
...casinos, seeing promise in the town "when it was just dirt," says a colleague. By the early '70s, well into his second marriage, to a former Vegas show girl, he was buying movie studios, investing in gambling businesses and making bids for airlines. Eventually he moved on to Chrysler, though Iacocca once said "he really doesn't have any interest in cars...