The Chrysler-Fiat deal is moving forward along several fronts in advance of its May 1 deadline with negotiations between Chrysler, its banks, other stakeholders, and its unions.
With the tentative CAW agreement announced, the ball is now in the UAW's court. When the unions finalize there deal, then it will be up to Chrysler's big bondholders, banks whose loans are secured by Chrysler's assets (physical plants, the Jeep brand), to come to the table. With time running out for Chrysler, and pressure coming from President Obama's Presidential Task Force on Automobiles (PTFOA), how might the dram play out over the next five days in advance of the May 1 deadline? You can read my observations on where all the negotiations stand on Automotive Traveler at http://automotivetraveler.com/jump/543.