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	Podcast:		Knowledge at Wharton
	Episode:		Changing Course: The Chrysler Deal Rising Gas Prices and Other Car Talk
	Category:		Business
	Duration:		00:19:42
	Publish Date:		2007-05-30 16:34:39
	Description:		Earlier this month Cerberus Capital Management bought 80.1% of Chrysler Group from German auto maker Daimler-Chrysler effectively ending a nine-year marriage between the two that never quite worked out. The expectations created by this acquisition are huge and revolve in part around Cerberus’s ability to make a deal with the United Auto Workers union that would include restructuring billions of dollars of retirement and health-care benefits -- a burden that both Ford and GM -- but not Toyota -- also carry. We asked Wharton management professor John Paul MacDuffie co-director of the International Motor Vehicle Program to give his views about Chrysler Cerberus high gas prices and other auto-related issues. Hosted on Acast. See acast.com/privacy for more information.
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