UAW will own 55% of Chrysler

On the whole, unions have not done well owning companies. I doubt this one will survive more than five years.

This will be interesting...

If the workers think they had it bad under Chrysler-wait until their steward becomes their boss. They're about to find out what "get to work" means!

This will be interesting. It's one thing to negotiate against the "man". What do you do when you ARE the man?

Hope it works out. This region cannot afford to see the demise of the Big Three.

So, it looks like the union is gone? The company is the union? Who represents the workers?

Good point Wulf. How do you negotiate when you own >51% of a company, you are the company.

Let me see, I bring to the floor an agreement to give the workers (cough us) a $75/hr raise. Everyone say I.

55% say I, motion carried. We all now make more than the CEO sweeping floors, and by the way. You're all laid off in 6 months as the company will be going out of bankrupt. Thank goodness I added a subsection where each worker get's 100k-110k to take "early retirement"

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I try very hard to see both sides, but when it comes to this stuff it just frustrates me.

I was burned by Chrystler pretty bad so if they fail I'll be happy. You can't charge someone 1.5x (not including interest) for the sticker, force them to buy a 3k "bumper to bumper" warranty (claiming the bank was requesting it), then when the engine dies say "oh btw you're car is now worth about $500, sorry if you still owe 12k on it" Oh it's only a year old and you still have 2 years on your warranty? Sorry there's a clause that says the warranty will only pay up to the value of the car, in this case $500.

It wasn't totaled so insurance couldn't kick in, and since it wasn't an insured issue, gap insurance doesn't kick in.

All because of an known issue. Anyone with a 2.7 liter Crystler engine who's had it blown up knows what I'm talking about.

Venting done, sorry.

I like bicycles.

If the union bosses are now the shop bosses, the workers are flat out going to be "put to work", as they say on the shop floor.

Curious Wulf, have you ever worked in an auto factory?

I used to.

Wulf ,if you used to work in an auto plant and the workers there make so much money for doing nothing as you say, then why did you quit?

Where did you get THAT from-doing nothing?

When you said they would be "put to work".I quess I thought you meant that they were not working and that they would be "put to work" if the union stewards were going to be their bosses.

It means when you bitch about something on the floor, you might moved to a worse job the next day.

Where, when, and for how long?

I did LOL this morning when I heard Gettlefinger say on CBS....to the extent of....."this union has done a lot to prevent this bankruptcy from happening". Here is some advice Ron....just let that dog sleep.

This is the first move toward socializing the auto industry. Obama's biggest roadblock was the unions. Making them part of the procedure will effectively remove that roadblock and clear the way for breaking unions altogether, while preserving his political base in the boardrooms. The rich get richer, the worker gets the driveshaft.

To INeedCoffee:

You weren't burned by Chrysler insomuch as you were burned by the dealer. If YOU signed papers for an overpriced car, and YOU signed papers for a warranty that the bank requested (not legal, it's called packing payments), and YOU knowingly purchased a vehicle with a 2.7l Chrysler engine (which most finance companied won't write loans on anymore), then YOU are just as much at fault as the dealer who did in fact rip you off. Know what you are signing before you sign it.

I know what I'm talking about. I'm a finance manager for a car dealership.

muddy: I agree partially with what you said. Unfortunately for me the car is not in my name. My dad signed/cosigned the loan and paperwork so I could get the car I didnt get a say other than "I need a work for car, I'll pay for it if you can help me co-sign".

Regardless, what you said is true, and since then I do my research and make sure to ask a lot of questions before I or someone on my behalf adds to my debt.

Though I still blame the dealership. The car was listed as $6k on the lot, by the time dad signed it was 12k, w/ about 17-18k after interest. (2k of which was the bumper to bumper warranty).

If you say it's bumper to bumper it's bumper to bumper. Let's face it, having any clause that says "we will pay up to the value of X" you have pretty much made a loophole to never pay for anything serious. Because if anything serious breaks then the car is essentially worth nothing but salvage. I dont see how that can be legal, but again shows how a person needs to read the fine print.

They reason they say the car cost 12k instead of 6k was "because the bank wouldnt sign a loan for that amount and needed the car to be higher" Huh?!

I also asked the bank later and they said they never required that I have the extended warranty so the salesman was down right lying about that.

Any I found contact info for the Lawyer doing the Class action lawsuit so who knows what will come of it.