Monday, September 15, 2008

Veiled Threats in Election Year!

Chrysler May Cut More Costs, Jobs Without U.S. Loans

Chrysler LLC may need to cut more jobs and trim other costs should U.S. lawmakers fail to approve $25 billion in loans to help the auto industry develop fuel-efficient vehicles, Chief Executive Officer Bob Nardelli said. ``If we don't get the funding, we will continue to have to resize and reduce our fixed costs,'' Nardelli said in an interview in New York on Sept. 12. ``We'll have to make some tough, gut wrenching trade-offs,'' which may include eliminating jobs, he said. Nardelli joins United Auto Workers leaders and some lawmakers in saying jobs will be threatened without the loans.

Posted by alan @ 09:51 PM (501 views)
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One thought on “Veiled Threats in Election Year!

  • State subsidy anyone? Anyone?

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