UAW Help Key in Kerkorian's Chrysler Bid

Source: AP

UAW Help Key in Kerkorian's Chrysler Bid

Friday April 6, 4:38 PM EDT

DETROIT (AP) — One of the keys to Kirk Kerkorian's $4.5 billion bid for Chrysler is cooperation from the United Auto Workers, which could get an ownership stake in the troubled automaker.

But it's unclear how much the union might be willing to give the billionaire investor — or even if he is the best candidate for the union's support.

"I think you'll see a lot of posturing out there," George Magliano, an auto analyst at consulting company Global Insight, said Friday. "But the union has shown they can work with people."

Others, however, are skeptical of how much the UAW is willing to budge as it enters this summer's contract talks with General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group.

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