Union set to own 55% of Chrysler

View an online version of this email here.  All times are London time: Tuesday Apr 28 2009 Breaking news Union set to own 55% of Chrysler The United Auto Workers' union will own 55% of Chrysler and Italy's Fiat will eventually own 35% of the carmaker after a balance sheet restructuring, with remaining stock split between Chrysler's secured lenders and the US federal government, according to a UAW document sent to members on Tuesday. This came amid some signs that the ailing US carmaker, Fiat, the unions, and Chrysler's creditors were inching toward agreements that would allow America's smallest domestic carmaker to avoid a bankruptcy filing ahead of a Thursday deadline. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.