Can Chrysler Survive

Chrysler may not survive even with the bailout money. It could be absorbed by another company. Speculation was that GM might be interested in merger, but GM denied any interest in consolidation. One unique solution might be for Chrysler to become an employee-owned corporation which has proven fruitful for a steel company and airlines. I wonder if the new employee-owners if this happens will be as concerned with the generous pension and health care benefits of their retirees as they demanded the company be in its previous incarnation. Will there be a large labor pool where laid off employees still collect 80% or so of their salaries? Not if the new owners want to stay in business.