US union chief vows to fight sale of Chrysler

04/18/2007

LONDON (Thomson Financial) - The powerful president of the United Auto Workers union has vowed to fight the sale of DaimlerChrysler's loss-making US unit.

'We're going to do our very best to keep Chrysler under DaimlerChrysler (nyse: DCX - news - people ),' UAW chief Ron Gettelfinger told reporters.

'I personally think there is a lot of value in keeping it together right now.'

This was the first time Gettelfinger has publicly said he was prepared to fight the sale first proposed in February when chief executive officer Dieter Zetsche said 'all options are on the table' when it came to restructuring the Chrysler unit.

Since then, billionaire Kirk Kerkorian, Canadian auto parts supplier Magna and two investment firms, Cerberus, and Blackstone and Centerbridge, have expressed interest in buying the Chrysler group.

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