UAW Would Own 55% of Stock in Restructured Chrysler

Apr 27th, 2009 - Wall Street Journal

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The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the auto maker, according to a summary of the agreement that was reviewed by the Wall Street Journal.

Fiat SpA will "eventually" own 35% of Chrysler, and that the U.S. government and Chrysler's secured lenders together will end up owning 10% of the company, once it is reorganized, that summary said.

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