Friday, July 20, 2007

Chrysler says closing of Cerberus deal very close

(Reuters) - LaSorda also said Chrysler, now the No. 4 automaker in the U.S. market, needs to close a gap in hourly labor costs with Japanese rivals making vehicles in the U.S. market.




Chrysler says its U.S. hourly labor costs, including health care, are some $30 per hour higher than equivalent costs for Japanese automakers led by Toyota Motor Corp. .


Read more at Reuters.com Mergers News

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