GM, Chrysler warm to merger
Somewhat surprisingly, the chiefs of both companies said they might agree to that although the United Auto Workers union balked.
Bennett said during a Senate Banking Committee hearing, "Everything I have seen would suggest to me that a merger between General Motors and Chrysler is a good idea. It's not a shotgun wedding ... It's a marriage that makes sense." So he asked if that were made a condition of a bailout, if the companies would agree.
"The first job that would go would be mine. But if, in fact, that is the criteria that means we get money to save Chrysler ... I would do it," said Chrysler chairman Bob Nardelli.
GM chairman Rick Wagoner said, "I would be very willing to look at it."
But UAW president Ron Gettelfinger said he isn't sure the merger would save money, and "it would be unbelievable the number of people who would lose their jobs."
E-mail: lee@desnews.com
Recent comments
HERE WE GO AGAIN - "Sen. Bob Bennett, R-Utah" pushes for - GM,...
Brother Chuck Schroeder | Dec. 5, 2008 at 2:13 p.m.
My neighbor has a Toyota Prius, a 2004 Chevy Impala with 150,000...
Import vs. USA | Dec. 5, 2008 at 12:26 p.m.
That will be good, then they can combine their efforts to produce...
Escalade | Dec. 5, 2008 at 11:16 a.m.
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., left, shakes hands with General Motors Chief Executive Officer Richard Wagoner on Capitol Hill in Washington Thursday before the start of the committee's hearing on a bailout for troubled American automakers. Committee member Sen. Robert Bennett, R-Utah is at center.
- NFL: Week 12 recap 12:50 a.m.
- '12 Days' bill would top $87K 12:35 a.m.
- Study finds autism therapy works 12:35 a.m.
- Boy shot following traffic stop 12:35 a.m.
- Sports on the air 12:24 a.m.
- Herbert builds his team of rivals 12:21 a.m.
- Corroon a step closer to governor 12:21 a.m.
- Monday on TV 12:18 a.m.
- Editorial: East, West and religion 12:17 a.m.
- A deficit commission? 12:17 a.m.
- Hall mouths off about hate of Utah
- BYU is champion of the state
- Cougars beat Utes in overtime
- Credit Coug defense for win
- Marriage definitions vary widely
- Field goals, penalties doomed Utes
- Cougar defense rose to occasion
- Banged up Jazz get best of Blazers
- Jones' joy for life remembered
- Fantasy is reality for BYU professor
- Hall mouths off about hate of Utah
869 - Cougars beat Utes in overtime
473 - Max Hall issues apology
145 - BYU is champion of the state
137 - Man trapped in Nutty Putty cave dies
117 - Cave to be sealed with body inside
116 - Rivalry Week is highly profane
90 - Hall's legacy measured today
79 - Hall's pain reflects self-betrayal
68 - Utes fall to Seattle U. at home
65
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
I find it interesting that many of the same people who say that we can't...
None of these teams is going to be easy. They all have fine football...
Max, no apology was necessary, but the apology was polically correct. If...
Very good piece of writing, Amy. You summarized what many of us have been...
How is a top 25 finish make Utah a top twenty team? I think what the poster...
90% of the BYU & Utah fans have class, and Hall knows it. If you don't...
This might be my favorite article I've ever read from the Deseret News. Kudos.
Thank you for not giving up and don't give up now brother and sister...
Dr. Lois Lee's work with children who are victims of child sexual...
Look at the preview for Pixar's "Up". The whole move is summarized in...


