Fiat CEO Gives 50% Chance of Chrysler Merger, Demands More Labor Cost Cuts
Apr 16th, 2009 | By Mike Caggeso | Category: Financial NewsFiat SpA (OTC: FIATY) Chief Executive Officer Sergio Marchionne said his company would walk away from merger talks with Chrysler LLC unless American and Canadian unions agree to take substantial pay cuts, The Toronto Globe and Mail reported.