Monday, September 15, 2008
Veiled Threats in Election Year!
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.