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Chrysler is said to be near deal on retiree healthcare

New York Times, April 17, 2009

Chrysler is close to a deal with the United Automobile Workers to finance retiree healthcare that is crucial to the company's bid for more government aid, according to people with knowledge of the negotiations. Chrysler has agreed to give more than 20% of its stock to a UAW-administered trust to pay for half of its $10.6 billion obligation for retiree healthcare, they said.