“Our Articles of Governance state that veto power can be inherited, but that’s not going to be by my family,” Ren said. “Instead, veto power is going to be collectively exercised by an elite group made up of seven elected members. It is possible that none of them are my family m...
The UAW owns 63.5% of Chrysler. The U.S. Treasury holds 9.2%, while Canadian municipalities have a 2.3% stake. Marchionne told reporters that he wants to pay back $7.5 billion in debt to the U.S. and Canadian governments in 2011 and then go public. Following GM's successful IPO, ...