Chrysler-CAW deal cuts costs by $240M annually and protects base wages.
CAW members will vote on this weekend. Chrysler will finds cost savings totalling $19 an hour through cuts to workers' benefits.
Chrysler now has until the end of the month to negotiate a partnership with Italian automaker Fiat and to reach deals with its U.S. workers, bondholders and other stakeholders in order to receive long-term bailout loans from governments in Canada and the U.S.
Otherwise,Chrysler will likely be forced to file for bankruptcy protection or even liquidate its assets.

I agree with someone's comments, "Let Chrysler go bankrupt and start afresh."