Chrysler may sell or close Mopar
Of course, everything's on the table during a turnaround, so the possibility of Chrysler selling a division that defines a large part of its identity is not surprising. It appears the idea of shedding Mopar was put on the table during contract talks with the UAW that are happening as we speak. Mopar and Chrysler Transport represent about 1,300 paid employees, and it appears these people are being used as a bargaining tool in a high stakes game of chicken. Hopefully they'll still have their jobs after Sept. 14th when the current contract between the automaker from Auburn Hills and the UAW expires.
[Source: Blogging Stocks]
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