WRAPUP 2-Chrysler, unions make progress as deadline nears

lunes 27 de abril de 2009 06:16 CEST

* Tentative deal reached with Chrysler, Fiat, US govt - UAW

* UAW workers to ratify deal by April 29

* CAW members ratify Chrysler deal

* Treasury to make new offer to Chrysler lenders - sources

* GM expected to announce fresh round of cost cuts

By Nick Carey and David Bailey

DETROIT, April 26 (Reuters) - U.S. automaker Chrysler LLC showed signs of progress with its unionized workers in its battle to stay alive on Sunday with just days left to complete deals to slash labor and debt costs or face bankruptcy.

No. 1 U.S. automaker General Motors Corp (GM.N: Cotización) is also restructuring in an effort to secure the government funding it needs to stay in business, and was expected to announce a fresh round of cost cutting on Monday.

Chrysler -- 80 percent controlled by private-equity firm Cerberus Capital Management LP [CBS.UL] -- has been given until April 30 by the Obama administration to agree on cost-cutting deals with its creditors and the unions, plus cement an alliance with Italian automaker Fiat SpA FIA.MI.   Continuación...