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UAW healthcare trust intends quick sale of Chrysler stake
Reuters, May 5, 2009
The United Auto Workers-aligned healthcare trust would work quickly to sell shares it would receive in a new Chrysler as soon as it in a position to do so, union President Ron Gettelfinger said. The UAW healthcare trust would receive a 55% stake in a new Chrysler, but no voting role on the board, under a sale plan the automaker filed with the U.S. Bankruptcy Court.
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