Listen to this: Ron Gettelfinger makes it clear that the proposed Ford/UAW agreement meets the government loan requirements for GM and Chrysler.
http://www.uaw.org/auto/02_24_09auto1.cfm
About 50 seconds in, Gettelfinger says: "I know there's a lot of speculation out there, but I think you're pretty much in line with what we've worked out. In addition, we've smoothed out the payments to the company, so they didn't have to take a big hit in any one year. And in addition to the changes we made in the contract itself, this puts us on par or above the expectations of the loan agreements that was signed by General Motors and Chrysler."
Tuesday, March 3, 2009
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