Magna Chairman Frank Stronach previously announced, a billion dollars more a partnership with a Russian auto magnate, but said that the transaction & 39; n & 39; would not influence their bid for DaimlerChrysler AG & 39; Group.
Stronach Chrysler & 39; said that it expects to choose Daimlerto A potential buyer for Chrysler before handling the Russian Oleg Deripaska the company& 39;s machinery and shareholders of Magna finalized. & Quot; We hope that one or & 39; l & 39; other way, the problem is solved Chrysler & quot; Stronach told journalists & 39; a conference Press after & 39; annual maintenance on the direction of Magna meeting.
The Canadian supplier of parts of Toronto is & 39; s equity company Onex Corp. of command for Chrysler, & quot; And the information is, Mercedes wants a stay with the game & quot;, "said Stronach. He noted that it is open & 39; d & 39; other companies shave & 39; s offer to disclose, but it d & 39; other details about the state & 39; the Chrysler negotiations.
& quot; We can not say & 39; & 39; C is what we would be willing to pay for it. & Quot; We can not with the process itself. JP Morgan is managing the process. We hope that we, as a partner and want that we can engage & quot;, said Stronach. & Quot; & 39; C is all that we can say at this time. & Quot;
The Toronto Star reported that Stronach also said numerous deletions d & 39; jobs at Chrysler would be unavoidable. The star Stronach, cited Wednesday with the words: & quot; Sometimes when you are sick, you have some draconian measures. And that is regrettable. & Quot; In response, Stronach said unions had an important role, and he has & 39; n & 39; no objection in principle, even though his company, the workers are not organized. But he said that the automobile industry & 39; North American & 39; must adapt to match the tough competition from Asian automakers. & Quot; We & 39; in the changing economy & quot; he said. & Quot; Unions must change. We all have to change. & Quot;
Magna President Mark Hogan told journalists after & 39; general assembly, that the difficulties of Chrysler & 39; n is not insurmountable. & Quot; We know their problems and they are repairable & quot; he said. In addition, the shareholders of Magna, eager d & 39; heard on & 39; imperative Chrysler has been surprised by the deal between Magna possession of the family controlled Stronach Trust, suppliers and conditions Machines.
Under Russian, Russian, machinery d & 39; invest 1.54 billion dollars. At 20 million & 39; acquire Magna Class A share. The shares, as well as shares held by trusts Stronach, should lead to a new entity by the name of the new company would be the vote of Magna. Magna funding Stronach said the official retains control of the supplier. L & 39; Company recorded a slight increase in the first quarter revenues, to $ 218 212 9000 USA headings & 39; hour over three years as part of its & 39; plan Resumption past losses exceeded projections for the number of workers concerned Chrysler buy-out. It is not & 39; EBC brake Active direct d & 39; prevent further progress. Indeed, it has exceeded expectations. & Quot; Corporate Wide, we exceeded our original estimates & quot;, said the spokesman for Chrysler Michele Tinson. But she declined further details on matter.
In 2006, Chrysler reported a $ 680 million loss. As such, it offers the United States blue-workers in some cultures, ages, a package includes a lump sum, plus $ 70000 in health and retirement. Workers with less seniority & 39; service were also offered buyout packages of & 39; valued at $ 100000, and six months health benefits are limited. Approximately 4312 people per hour, represented by the United Auto Workers in the United States and Canada, in order to repurchase paperwork. Among them, there are 1,600 employees Michigan. More than 35000 workers of Ford & 39; hour, or about half the Dearborn automaker salary of & 39; hour labour-& 39; work programs were signed up.
Both early March of Chrysler by its restructuring plan on February 14. Officials of the & 39; Union on the condition of anonymity & 39;, there is an increase in the interest & 39; for & 39; bid, for which, especially for 100000 $ packages.
& quot; Our manufacturing sites is to determine when the program is activated accepted & quot;, Tinson said, based on the Manpower specific needs of each plant. But the period of waiting & 39; a moderator on & 39; mood of a few plants.
& quot; People are not happy & quot;, said Ron Toerper, a laborer Chrysler & 39; Warren Stamping d & 39; crafts, where 420 employees have chosen to surrender. He added: "They want to know & quot; their status. You want to plan your future. Want to know what your state is: & quot; that I am retired, I go or not? & Quot;
The automaker & 39; n Detroit is not about d & 39; a variation in the number of applications & 39; so far received. The automaker has said it wants to bar 5875 jobs this year. Workers must communicate s & 39; they are willing to Buyout June 30.
Chrysler & 39 d & 39; offers competitive programs with General Motors Corp. and Ford Motor Co., some analysts said. & Quot; I am not surprised at all & quot;, said Fred Hubacker, Executive Director at Conway MacKenzie & amp; Dunleavy, a turnaround from & 39; company in Birmingham. & Quot; It seems that among competitors in the city and Delphi. & Quot;
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