I'm not sure to what extent anyone on here has been following the developments in the north american auto industry but maybe someone can help me out in understanding a few things.
Under current restructuring plans both the UAW and the CAW are to become significant shareholders of GM as well as Chrysler.
What are the implications of this for labour? As far as I can tell this is a sign of unions' further entrenchment in the management and ownership of capital. Is there anything else going on here or is this just business as usual? It seems pretty significant at the least.