Chrysler Workers are on Strike

45,000 members of the UAW at Chrysler went on strike today.

As I've said earlier, given that there already was a model for a contract as a result of the one signed with GM, this means that either the circumstances (far fewer retirees at Chrysler) or the culture (Cerberus is a private equity firm, and perhaps they are looking at pumping and dumping) that is driving this.

My guess is that Cerberus is not an auto firm, and are not interested in being one. They want to resell Chrysler at a later time, and are pushing hard for concessions so that they can generate a quick sale or go public and reap the rewards.