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A historic betrayal of auto workers United Auto Workers capitulates to carve-up of Chrysler

German automaker DaimlerChrysler announced yesterday that it had agreed to sell majority ownership of its North American Chrysler Group to the private investment firm Cerberus Capital Management for $7.4 billion. The sale paves the way for the carve-up of the 80-year-old auto company and a massive attack on the jobs, wages and health and retirement benefits of Chrysler’s 80,000 employees in the US and Canada.

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